Rallye : Rallye, Foncière Euris, Finatis, Euris placed in a safeguard procedure
>Safeguard procedure - 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 done for up to 10 years.The net debt of the 4 companies amounts to € 3,295m with € 2,899m for Rallye (breakdown of the debt and capital...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.
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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