Rallye SA (GENC.PA)
23 Aug 2019
PARIS French supermarket retailer Casino has signed pledges to sell three of its Geant Casino hypermarkets for 42 million euros ($46.8 million) as it seeks to reduce debt.
PARIS, July 24 French supermarket retailer Casino has signed pledges to sell three of its Geant Casino hypermarkets for 42 million euros ($46.8 million) as it seeks to reduce debt.
* Goal is to sell at least 2.5 bln euros of assets by Q1 2020
PARIS Shares in debt-burdened Rallye slumped on Tuesday after a French court ruled that Societe Generale can call in collateral it owns in Casino's parent, in what is seen as a blow to controlling shareholder Jean-Charles Naouri.
* French court backs Socgen in Rallye shares collateral dispute
PARIS, June 25 French supermarket retailer Casino, which has been battling concerns over debts at the company and at its parent group Rallye, on Tuesday named Franprix boss Jean-Paul Mochet as the new head of its Monoprix arm.
* Move gives time to restructure debt, Casino shares up 12 pct
PARIS, May 24 Short-seller Muddy Waters said on Friday that news Rallye, the parent company of French retailer Casino, had been placed under protection from creditors was "a resounding vindication of the warnings we sounded".
PARIS A Paris commercial court on Thursday placed Rallye, the parent company of retailer Casino, which is battling investor concerns over its high debt, under creditors' protection for at least six months.
* Casino shares slump before suspension, CDS hits record high