Casino’s financial obligations contain a mandatory acceleration clause in the event of a change of control of the company. It raised some concerns about Casino’s liquidity position if Rallye were to default some day in the future (when the debt re-profiling process is over). However, we are now at ease following the clarification by Casino. As a result, we maintain the positive stance on the stock.
13 Jun 2019
Smoothing out the wrinkles
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Smoothing out the wrinkles
Casino, Guichard-Perrachon SA (CO:PAR) | 0 0 0.8% | Mkt Cap: 5,066m
- Published:
13 Jun 2019 -
Author:
Nishant Choudhary -
Pages:
3
Casino’s financial obligations contain a mandatory acceleration clause in the event of a change of control of the company. It raised some concerns about Casino’s liquidity position if Rallye were to default some day in the future (when the debt re-profiling process is over). However, we are now at ease following the clarification by Casino. As a result, we maintain the positive stance on the stock.