Brief: Rallye, Fonciere Euris, Finatis, Euris Acknowledge Approval Of Accelerated Safeguard Plans For Casino And Some Subsidiaries

Finatis SA

27/02/2024 07:50

Feb 27 (Reuters) - Rallye SA  GENC.PA :
    * CASINO RESTRUCTURING  WINDING-UP OF THE HOLDING COMPANIES
    * RALLYE, FONCIÈRE EURIS, FINATIS AND EURIS ACKNOWLEDGE
PARIS
COMMERCIAL COURT'S APPROVAL OF ACCELERATED SAFEGUARD PLANS FOR
CASINO AND SOME OF ITS RELEVANT SUBSIDIARIES
    * ON COMPLETION OF RESTRUCTURING, RALLYE WILL HOLD 0.1% OF
CASINO’S SHARE CAPITAL AND RALLYE WILL THEREFORE LOSE CONTROL OF
CASINO
    * EFFECTIVE COMPLETION OF CASINO'S FINANCIAL RESTRUCTURING,
SCHEDULED FOR 27 MARCH 2024, WILL RESULT IN A MASSIVE DILUTION
FOR EXISTING SHAREHOLDERS

Source text for Eikon:  ID:nEQ3rPn27a 
Further company coverage:  GENC.PA 

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