- 2020 Monte Carlo Rally From Wikipedia, the free encyclopedia The 2020 Monte Carlo Rally (also known as the 88e Rallye Automobile Monte-Carlo) was a motor racing event for rally cars that was held over four days between 23 and 26 January 2020.
- From Wikipedia, the free encyclopedia The 2018 Monte Carlo Rally (formally known as the 86e Rallye Automobile Monte-Carlo) was a motor racing event for rally cars that was held over four days between 25 and 28 January 2018.
- French retailer Casino and its controlling shareholder Rallye are both having an ugly week in equity and debt markets. In April, we took a look at the highly leveraged empire of Jean-Charles.
Buyers of credit default swap protection on bonds issued by Rallye, the holding company of French supermarket chain Casino, will find out on Friday how their positions might be settled, reports Owen Sanderson.
« Casino, Rallye’s primary asset – representing all of Rallye’s consolidated net sales – is one of the world’s leading food retailers. In France, its sales performance is secured by a mix of banners and formats that are well adapted both to the economic environment and to. The Monte Carlo Rally or Rallye Monte-Carlo (officially Rallye Automobile de Monte-Carlo) is a rallying event organised each year by the Automobile Club de Monaco which also organises the Formula One Monaco Grand Prix and the Rallye Monte-Carlo Historique.
It was ruled earlier this week that the company’s sauvegarde procedure was a bankruptcy credit event. Lenders to Rallye are set to appoint advisers on Friday, and law firms are said to be contacting bondholders about setting up creditor committees.
BNP Paribas
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Casino has been informed by its reference shareholder, Rallye, of the launch of a safeguard procedure relating to respectively Rallye and its subsidiaries Cobivia and HMB, as well as Foncière Euris, Finatis and Euris as announced today by these companies.
These procedures do no relate to Casino group, nor its operations, nor its employees, and do not impact the ongoing execution of its strategic plan.
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Casino will hold a conference call tomorrow to comment this announcement at 8.00am (CEST / Paris).
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- France Toll: +33 172727403 PIN: 21988143#
- United Kingdom Toll: +442071943759 PIN: 21988143#
- United States Toll: +1 6467224916 PIN: 21988143#
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A transcript will be made available on the Group website.
The trading of the shares for the above-mentioned listed companies will resume tomorrow at market opening.