|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||32.09 - 32.82|
|52 Week Range||25.37 - 47.58|
|Beta (3Y Monthly)||0.60|
|PE Ratio (TTM)||N/A|
|Earnings Date||Jul 25, 2019|
|Forward Dividend & Yield||3.12 (9.66%)|
|1y Target Est||39.38|
French retailer Casino said on Monday that it has agreed its sell its subsidiary Vindémia, a retailer in the Indian Ocean, for €219m to GBH. The move marks the latest step in a wide-ranging asset disposal plan by Casino. In May Casino’s parent companies entered into a “procédure de sauvegarde”, a court-led creditor protection process, in order to freeze its debts and avoid bankruptcy for up to 18 months.
The French finance ministry said on Monday that it has fined retailer E.Leclerc a record €117.3m for “abusive commercial practices” that involved using its Belgian purchasing centre to put pressure on its suppliers. Finance minister Bruno Le Maire and his secretary of state, Agnès Pannier-Runacher, have fined four entities of Leclerc a total of €117.3m, according to a statement, an unprecedented fine in the French food retail sector. Leclerc is a co-operative society and chain of hypermarkets, which has for years been locked in a brutal price war with its domestic rivals Carrefour, Casino and Auchan.
Paris, 22 July 2019, Casino Group and GBH announce, today, the signature of a unilateral purchase agreement to sell Vindémia, for an enterprise value of 219 million euros..
Following the press releases issued by Rallye, Foncière Euris and Finatis on 12 July 2019 relating to structured financing arrangements, Casino, Guichard-Perrachon ("Casino") confirms that these operations have no impact on the control exercised by Rallye and its holding companies over Casino. In addition, Casino points out that the loss of control of Casino by Rallye or its holding companies would have no legal impact on Casino's debt and would not constitute an event of default, neither under the bank financing documentation nor the bond financing documentation of Casino.
Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Casino Guichard-Perrachon SA and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.
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Casino Group has completed the sale of 3 hypermarkets, 4 Casino supermarkets and 1 Leader Price store and received 39 million euros Paris, 2 July 2019, Following the.
Casino Group has completed the sale of R2C to Compass Group Plc. Paris, 1 July 2019, Following the signature of an agreement in February 2019 with Compass Group Plc., Casino.
Casino Group has completed the sale of 3 hypermarkets, 11 Casino supermarkets and 16 Leader Price stores and received €58 million Paris, 27 June 2019,.
On 26th of June 2019, the Board of Directors of GPA, subsidiary of Casino Group in Brazil, approved the formation of an ad-hoc committee of independent directors in order to study a project that would lead to the simplification of Casino Group’s structure in Latin America.
Brazilian food retailer GPA is launching a new business-to-business e-commerce platform, an executive told Reuters, aiming to double its customer base in the segment by the end of 2019. The digital platform for wholesale deliveries to bars, restaurants and other small and mid-sized businesses, is part of GPA's push into the wholesale market, where competition is stiff as Brazil recovers tepidly from a deep recession. GPA, the local subsidiary of France's Casino Guichard Perrachon SA, began wholesale deliveries in the city of Sao Paulo and surrounding areas four years ago under an initiative known as Aliados Minimercado.
Brazilian retail veteran Michael Klein and his family on Friday gained control of appliance retailer Via Varejo SA from retailer GPA SA in an auction. Klein bought a smaller than anticipated additional stake in the company, but other investors pitched in and GPA ended by selling its entire stake at a higher than expected price. Combined with its previous stake of 25.4%, the Klein family will own 27%, making it the retailer's largest shareholder.
GPA, controlling shareholder of Brazil's Via Varejo and a unit of Casino Guichard Perrachon SA, said its board of directors approved the sale of all shares it owns in the retailer for a minimum price of 4.75 reais each, according to a securities filing on Wednesday. Via Varejo's controller also said it received a letter from businessman Michael Klein in which he says that in the event GPA approved the sale of its Via Varejo shares on the stock exchange, he would offer, individually or with other investors, a maximum of 4.75 reais per share in the retailer.
Signing of unilateral purchase commitments to sell 1 Géant Casino hypermarket, 4 Casino Supermarkets and 1 Leader Price Paris, 7 June 2019, Casino Group announces that it.
U.S. short-selling firm Muddy Waters on Thursday rejected the preliminary findings of a probe by France's AMF financial regulator into its criticism of retailer Casino. "We vehemently disagree with the preliminary conclusions of the AMF investigation team, which we believe are tainted by bias," Muddy Waters said in a e-mailed statement. Newspaper Le Monde reported earlier on Thursday that the AMF regulator suspects Muddy Waters of "deception" regarding supermarket retailer Casino whose shares have been hurt by Muddy Waters' negative comments.
Moody's Investors Service ("Moody's") has today downgraded French grocer Casino Guichard-Perrachon SA's (Casino) long-term corporate family rating (CFR) to B1 from Ba3 and its probability of default rating (PDR) to B1-PD from Ba3-PD. Moody's has also downgraded Casino's senior unsecured long-term ratings to B1 from Ba3, its senior unsecured MTN program rating to (P)B1 from (P)Ba3, the deeply subordinated perpetual bonds' rating to B3 from B2. "We believe that the debt restructuring of Casino's main shareholder Rallye and of its controlling holding companies creates additional uncertainty at a time when trading conditions in the French retail market remain highly challenging and increases the execution risk of Casino's deleveraging," says Vincent Gusdorf, a Moody's Vice President -- Senior Credit Officer and lead analyst for Casino.
If you're interested in Casino, Guichard-Perrachon Société Anonyme (EPA:CO), then you might want to consider its beta...
Casino Group has completed the sale of 3 hypermarkets to Leclerc members and received 38 million euros Paris, May 29th 2019 Following the signature in January 2019 of purchase.
The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy. Headlines French retailer Casino scraps interim dividend in bid to ...
Casino Group takes note of Standard & Poor's' decision to lower the Group's financial rating, following the entry into safeguard proceedings of Rallye. Standard & Poor's downgraded the Group's rating by two notches from BB- to B and placed the rating on negative watch. The Group confirms the priority given to pursuing its debt reduction strategy and, in this context, the Board of Directors, which met today, decided not to pay an interim dividend in 2019.