Rallye's Last Hope to Maintain Control of Casino Could Be Good News for Casino's Shareholders
Rallye Group (and its subsidiaries Fonciere Euris, Finatis and Euris), no-moat Casino's parent company (52% of Casino's share capital), announced on 23 May that it had requested and obtained the opening of safeguard proceedings for six months. According to a press release, Casino is not concerned by these proceedings, while Rallye and its subsidiaries have today pledged nearly all of their shares as collateral to access credit lines. The press release also said that pending the approval of a saf...Casino Guichard-Perrachon is a food retailer based in France. Co. operates hypermarkets, supermarkets, discount stores, convenience stores and cafeterias. Co.'s stores are discount stores selling groceries and consumer goods, and providing services like financial and insurance services, real estate, and restaurants. Co. operates hypermarkets under the brand Geant Casino; urban and rural supermarkets under the brand Casino Supermarches; city-centre supermarkets under the brand Monoprix; convenience/national superettes under the brands Petit Casino, Vival and Spar; covenience-paris area stores under the brand Marche Franprix; and discount stores under the brand Leader Price.
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