Report

Rallye : Plie mais ne rompt pas

Rallye a annoncé la signature d’une nouvelle facilité de crédit de 500 m EUR de maturité 2020, qui lui permettra d’assurer plus sereinement le refinancement de ses échéances obligataires courtes (2018 et surtout 2019) et d’être moins dépendant du cours de l’action Casino. Il s’agit d’une excellente nouvelle, qui valide notre scenario de mise en place de mesures de court terme dans un premier temps, sans restructuration de la dette obligataire. Selon nous, il est probable que cett...
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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