Casino: safeguard procedure for Rallye
(CercleFinance.com) - Casino says that its core shareholder, Rallye, has informed it of the opening of six-month safeguard procedures concerning Rallye and its subsidiaries Cobivia and HMB, as well as Foncière Euris, Finatis and Euris.
However, the food retail group stated that, "These procedures do not relate to Casino group, nor its operations, nor its employees, and do not impact the ongoing execution of its strategic plan.”
Rallye confirms that information will be regularly communicated to the market about developments in the procedure, and that the listing of all securities issued by the companies concerned will resume when the market opens on 24 May.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
However, the food retail group stated that, "These procedures do not relate to Casino group, nor its operations, nor its employees, and do not impact the ongoing execution of its strategic plan.”
Rallye confirms that information will be regularly communicated to the market about developments in the procedure, and that the listing of all securities issued by the companies concerned will resume when the market opens on 24 May.
Copyright (c) 2019 CercleFinance.com. All rights reserved.