Two positive developments have been reported for Groupe Casino / Rallye. A Paris court has approved the safeguard plan and Daniel Kretinsky has agreed to provide up to €233m as a loan to refund the derivative deals Rallye had sealed with the financial institutions. With this development, Casino will now be under less pressure to resume the dividend payments to Rallye, in the forecast years.
03 Mar 2020
A few positive steps
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A few positive steps
Casino, Guichard-Perrachon SA (CO:PAR) | 0 0 0.8% | Mkt Cap: 5,066m
- Published:
03 Mar 2020 -
Author:
Nishant Choudhary -
Pages:
3
Two positive developments have been reported for Groupe Casino / Rallye. A Paris court has approved the safeguard plan and Daniel Kretinsky has agreed to provide up to €233m as a loan to refund the derivative deals Rallye had sealed with the financial institutions. With this development, Casino will now be under less pressure to resume the dividend payments to Rallye, in the forecast years.