Solocal Group : The respite was short-lived…
The respite was short-lived: Solocal is adversely impacted by the Covid-19 outbreak. - The group wants to negotiate with its bondholders the suspension of the quarterly coupon payment of the 2022 bond in view of the risk of probable deterioration in its business amid the Covid-19 crisis. This coupon of around € 10m was due to be paid on 16 March. - This decision illustrates concerns about severe strains on the group’s cash position given the likely plunge in order intake (in March...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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