May 15 (Reuters) - Casino Sa CASP.PA:
DISCUSSIONS ARE CONTINUING WITH FINANCIAL CREDITORS ACROSS VARIOUS ENTITIES WITHIN GROUP.
APPLIED TO PRESIDENT OF PARIS ECONOMIC ACTIVITIES COURT FOR OPENING OF CONCILIATION PROCEEDINGS FOR BENEFIT OF SEVERAL OF ITS COMPANIES FOR AN INITIAL PERIOD OF FOUR MONTHS
SCP BTSG (Maître Marc Sénéchal) as conciliator is being considered for certain of these entities, while the appointment of SCP CBF Associés (Maître Lou Fréchard) is being sought as conciliator for Quatrim.
WILL SEEK CONSENT OF QUATRIM'S HIGH-YIELD BONDHOLDERS FOR OPENING OF CONCILIATION PROCEEDINGS CONCERNING QUATRIM AND MONOPRIX SAS
THESE CONCILIATION PROCEEDINGS WILL HAVE NO IMPACT ON GROUP'S RELATIONSHIPS WITH ITS OPERATING PARTNERS AND EMPLOYEES
OPERATIONAL ACTIVITIES WILL CONTINUE AS NORMAL, IN LINE WITH GROUP'S STRATEGIC PRIORITIES.
Source text: ID:nGNE2b8XqS
Further company coverage: CASP.PA
(Reporting by Sudip Kar-Gupta)
((sudip.kargupta@thomsonreuters.com;))