Brief: Rallye: acknowledges terms of restructuring of retailer Casino and its subsequent loss of control of Casino

Finatis SA

18/10/2023 17:25

Oct 18 (Reuters) - Rallye Sa  GENC.PA :
    * RALLYE S.A.: FINANCIAL RESTRUCTURING OF CASINO
    * ACKNOWLEDGES TERMS OF CASINO'S FINANCIAL RESTRUCTURING
    * ACKNOWLEDGES TERMS OF CASINO'S FINANCIAL RESTRUCTURING, 
WITH
RALLYE CONSEQUENTLY LOSING CONTROL OF CASINO
    * INTENDS TO PRESERVE ITS MAIN ASSETS IN ACCORDANCE WITH ITS
CORPORATE INTEREST AND THUS PROVIDE ITS SUPPORT AS CASINO'S
CONTROLLING SHAREHOLDER
    * RALLYE INTENDS TO PRESERVE ITS MAIN ASSETS IN ACCORDANCE
WITH
ITS CORPORATE INTEREST AND THUS PROVIDE ITS SUPPORT AS CASINO'S
CONTROLLING SHAREHOLDER
    * HOPES FOR CASINO'S RESTRUCTURING CAN BE SUCCESSFULLY
IMPLEMENTED
IN ACCORDANCE WITH LOCK-UP AGREEMENT
    * ON CASINO RESTRUCTURING:- CONCILIATION PROCEEDINGS
(PROCÉDURE DE
CONCILIATION) OPENED ON 19 MAY 2023 IN RESPECT OF RALLYE WILL
EXPIRE ON 19 OCTOBER 2023
    * ON CASINO RESTRUCTURING: RALLYE WILL REMAIN SUBJECT TO
UNDERTAKINGS OF ITS SAFEGUARD PLAN

Source text for Eikon:  ID:nEQ8S49S0a 
Further company coverage:  GENC.PA 

 (Reporting by Sudip Kar-Gupta)
 ((sudip.kargupta@thomsonreuters.com;))