Report

Rallye : Bent but not broken

Publication date 18/09/2018 10:39 - Writing date 18/09/2018 09:56 a.m. - Equity data - Reco : Reduce - Target : 10.00 EUR - Equity Analyst: Laurence Hofmann - - +33 (0)1 44 51 86 82 - ESG Analyst: Valentin Pernet - Corporate Governance: High risk (4) - / - - - - - - - - - - - - - - - - - - - - - Rallye has signed a new € 500m confirmed credit facility maturing June 30th, 2020, buying the group more time ahead of near-term bond refinancing deadlines (in 2018 and e...
Underlying
Rallye S.A.

Rallye is a holding company, operating within the specialized food distribution industry through its majority holdings in Casino and Groupe GO Sport. Co.'s main asset, Casino, represents 99% of its consolidated sales; and Groupe GO Sport specializes in retail sporting goods through its GO Sport and Courir brands. Co. also manages investment portfolios with financial assets (LBOs, real estate funds, energy, development capital), and real estate assets (shopping malls and residential developments). Co.'s activities are divided into three segments: food and general retailing (through Casino); sporting goods retailing (through Groupe Go Sport); and financial holdings and investments.

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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