Casino parent Rallye met with bankers on safeguard plan

Finatis SA

25/09/2019 17:15

PARIS, Sept 25 (Reuters) - Debt-burdened Rallye  GENC.PA 
said in a statement that it and other shareholders of French
retailer Casino  CASP.PA  had met with bankers to discuss its
financial rescue plan.
    Casino Chairman and CEO Jean-Charles Naouri in May had
placed the retailer's parent companies Rallye, Finatis and
Fonciere Euris under protection from creditors in a bid to save
the group from collapse.   urn:newsml:reuters.com:*:nL8N24A2F0
    Rallye, Fonciere Euris, Finatis and Euris said they had
asked to extend for six months the observation period with
creditors with the view to get the plan cleared by the court at
the end of the first quarter 2020 at the latest.
    

 (Reporting by GV De Clercq, editing by Dominique Vidalon)
 ((geert.declercq@tr.com; +33 1 4949 5343; Reuters Messaging:
Twitter: @gvdeclercq))