Solocal Group : New sources of debt and equity financing to meet liquidity needs in Q4 and 2020
>Announcement of liquidity measures for Q4 and 2020 - Yesterday, Solocal announced several new financing sources to meet its liquidity needs in 2019 and 2020. The group stated that is contending with a deterioration in its WCR at the year-end as a result of its new commercial policy. In parallel, the asset disposals (QDQ Media and Mappy) are not set to go through in Q4 after all, which is exerting this pressure on cash. To cope with these needs, the group announced fo...Solocal Group SA is a France-based company, which is engaged in local online communication. The Company provides digital content, advertising solutions and transactional services that connect people with local businesses. Solocal Group SA operates in France, Spain, Austria and the United Kingdom and supports the online development of SMB and client accounts, mainly through its four flagship brands: PagesJaunes (engaged in local advertising and information on the Internet and in mobile and print media), Mappy (a portal of services relating to travel: maps, journey planners, local area information searches, before and during the journey), Ooreka (a database of content with practical guides, tutorials, among others, written by such specialists as notaries, lawyers, doctors, electricians and gardeners, among others.
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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