Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. France
  4. Euronext Paris
  5. Casino, Guichard-Perrachon
  6. News
  7. Summary
    CO   FR0000125585

CASINO, GUICHARD-PERRACHON

(CO)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Casino parent Rallye met with bankers on safeguard plan

09/25/2019 | 01:13pm EST

PARIS (Reuters) - Debt-burdened Rallye said that it and other shareholders of French retailer Casino had met with bankers on Wednesday to present them the principles of their draft safeguard plan.

Casino Chairman and CEO Jean-Charles Naouri in May had placed the retailer's parent companies Rallye, Finatis and Fonciere Euris under protection from creditors in a bid to save the group from collapse.

Rallye, Fonciere Euris, Finatis and Euris said in a statement the draft plan - drawn up with the assistance of judicial administrators - involved the repayment over a ten-year period of all liabilities.

It also called for a repayment schedule providing for a minimum of 5% of each debt covered by the plan from the third to the ninth year of the plan and for a maximum of 65% in the tenth year of the plan.

The plan also calls for individual consultation of creditors.

In case of refusal of certain creditors, the commercial court may impose extended payment terms, subject to complying with the minimum legal repayment terms as from the third year of the plan, the statement said.

Rallye, Fonciere Euris, Finatis and Euris also asked to extend for six months the observation period with creditors with the view to get the plan cleared by the court at the end of the first quarter 2020 at the latest.

Casino's net debt stood at 2.71 billion euros at the end of 2018, and Rallye's stood at 2.90 billion euros.

Casino has been struggling in France, where a price war among supermarkets has dented retailers' profit margins.

While Casino itself was not placed under bankruptcy protection, it was hit with downgrades that left its credit rating deeper in junk territory, with rating agencies Moody's and S&P citing concerns over debts at Casino's parent companies.

(Reporting by Dominique Vidalon; Editing by GV De Clercq)


ę Reuters 2019
Stocks mentioned in the article
ChangeLast1st jan.
CASINO, GUICHARD-PERRACHON -2.38% 19.925 Real-time Quote.-18.98%
DRAFT INC. -4.99% 742 End-of-day quote.-36.36%
FINATIS 9.42% 30.2 Real-time Quote.53.30%
FONCIÈRE EURIS 5.00% 10.5 Real-time Quote.20.69%
RALLYE -2.43% 4.625 Real-time Quote.-17.99%
All news about CASINO, GUICHARD-PERRACHON
11/24Casino, Guichard-Perrachon Soci?t? Anonyme Announces the Results of A Tender Offer
CI
11/24Casino Guichard Completes Debt Refinancing Via Loan Tap, Bond Buyback
MT
11/16Casino Group Utilizes Term Loan, Initiates Bond Tender Offer in Debt Refinancing
MT
11/16Casino Group Announces Refinancing of Its Debt
CI
11/12Groupe Casino - Nombre de droits de vote et d'actions au 31-10-2021
AQ
11/04Casino Guichard-Perrachon, Gorillas Sign Partnership MOU in France
MT
11/04Casino sales back to growth in Q3, partners with Gorillas
RE
11/04Casino Group and Gorillas announce the signing of a strategic memorandum of understandi..
PU
11/04THIRD QUARTER 2021 SALES : gradual improvement in sales momentum
PU
11/04Third quarter 2021 net sales
PU
More news
Analyst Recommendations on CASINO, GUICHARD-PERRACHON
More recommendations
Financials
Sales 2021 30 338 M 34 286 M 34 286 M
Net income 2021 246 M 279 M 279 M
Net Debt 2021 9 345 M 10 561 M 10 561 M
P/E ratio 2021 8,59x
Yield 2021 1,58%
Capitalization 2 151 M 2 432 M 2 431 M
EV / Sales 2021 0,38x
EV / Sales 2022 0,35x
Nbr of Employees 202 955
Free-Float 47,0%
Chart CASINO, GUICHARD-PERRACHON
Duration : Period :
Casino, Guichard-Perrachon Technical Analysis Chart | CO | FR0000125585 | MarketScreener
Technical analysis trends CASINO, GUICHARD-PERRACHON
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 12
Last Close Price 19,93 €
Average target price 26,25 €
Spread / Average Target 31,8%
EPS Revisions
Managers and Directors
Jean-Charles Henri Naouri Chairman & Chief Executive Officer
David Lubek Chef Financial Officer
Julia Perroni Deputy Director-Finance
Julien Lagubeau Chief Operating Officer
FrÚdÚric Saint-Geours Lead Independent Director
Sector and Competitors
1st jan.Capi. (M$)
CASINO, GUICHARD-PERRACHON-18.98%2 495
WALMART INC.-4.86%382 415
SYSCO CORPORATION-5.68%34 897
WOOLWORTHS GROUP LIMITED1.73%34 343
AHOLD DELHAIZE N.V.28.80%34 286
THE KROGER CO.26.61%29 902