Report

Casino : Clear appeal for Rallye and the leading holding companies – even more pressure on Casino

>Draft safeguard plans for Rallye and leading holding companies - General framework of the safeguard plan: debt to be spread over a 10-year period, with € 2.9bn for Rallye and € 3.3bn in total with the leading holding companies. Two years of moratorium over 2021-2022, a 5% amortisation over 2023-2029 and the remaining 65% in 2030.But Rallye is offering its secured creditors, pledged with Casino shares in the amount of € 1.153bn, i.e. 39.4% of its total net debt...
Underlying
Casino Guichard-Perrachon SA

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.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

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