Brief: Casino To Initiate Procedure For Amending Safeguard Plan By End Of July
10/07/2026 17:03
BRIEF-Casino To Initiate Procedure For Amending Safeguard Plan By End Of July July 10 (Reuters) - Casino Guichard Perrachon SA CASP.PA:
HAS COMPLETED A THOROUGH REVIEW OF BINDING FINANCIAL RESTRUCTURING PROPOSALS RECEIVED
BOARD DETERMINED THAT, IN ABSENCE OF A CONSENSUS AGREEMENT, SHAREHOLDER'S PROPOSAL WAS ONE THAT BEST SERVES CASINO GROUP'S CORPORATE INTEREST
GROUP INTENDS TO INITIATE PROCEDURE FOR AMENDING SAFEGUARD PLAN BY END OF JULY
BANKS INDICATED THAT THEY WOULD REFER THESE MATTERS TO THEIR RESPECTIVE CREDIT COMMITTEES FOR A DECISION BY JULY 20
IT IS RECALLED THAT AMENDMENT OF SAFEGUARD PLAN WOULD BE MASSIVELY DILUTIVE FOR CURRENT SHAREHOLDERS
Source text: ID:nGNE5c4mZs
Further company coverage: CASP.PA
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