Report

Casino : The strengthening of Casino’s liquidity does not ease the financial constraints of Rallye and of the leading holding companies

>Target: ensure the group’s liquidity which reflected a weakness in 2021 - As we indicated in our Casino report of 16 September 2019 “the group’s liquidity looked solid for 2019-2020e (€ 2.7bn of credit lines at 30 June 2019), in our view, it looks more fragile for 2021 which will see, in February, a syndicated credit line of € 1.2bn mature, in addition to the compulsory bond redemption of € 884m (May 2021). The renewal of the € 1.2bn credit line is a real challenge, ...
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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