Casino : Safeguard procedure initiated for Casino’s parent company Rallye – financial pressure on Casino finally easing – Buy vs Neutral
>Safeguard procedure for Rallye - A safeguard procedure was initiated yesterday (23 May) relating to Casino’s controlling holding companies Rallye, Foncière Euris, Finatis and Euris. This suspends debt payments for the next six months (with a possible extension for up to 18 months)The aim is to reschedule the debt, which legally can be up to 10 years.The net debt of the 4 companies amounts to € 3,295m with € 2,899m for Rallye alone (breakdown of the debt and...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.
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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