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Rallye SA (GENC.PA)

GENC.PA on Paris Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Rallye Groupe Says Go Sport Gets Offer From Equistone Partners Europe For Courir
Monday, 22 Oct 2018 

Oct 22 (Reuters) - Rallye Sa ::RALLYE: GROUPE GO SPORT, WHOLLY-OWNED SUBSIDIARY OF RALLYE, RECEIVED A BINDING OFFER FROM EQUISTONE PARTNERS EUROPE FOR THE ACQUISITION OF COURIR.BINDING OFFER FROM EQUISTONE PARTNERS EUROPE FOR ACQUISITION OF WHOLE BUSINESS OF COURIR, FOR AN EQUITY VALUE OF EUR 283M..RECEIVED TODAY A BINDING OFFER FROM EQUISTONE PARTNERS EUROPE FOR ACQUISITION OF WHOLE BUSINESS OF COURIR, FOR AN EQUITY VALUE OF EUR 283M..COMPLETION OF THIS TRANSACTION COULD OCCUR IN COURSE OF H1 2019.GROUPE GO SPORT HAS ENTERED TODAY INTO EXCLUSIVE NEGOTIATION WITH EQUISTONE PARTNERS EUROPE..GROUPE GO SPORT HAS ENTERED TODAY INTO EXCLUSIVE NEGOTIATION WITH EQUISTONE PARTNERS EUROPE..COMPLETION OF THIS TRANSACTION COULD OCCUR IN COURSE OF H1 2019..  Full Article

Casino parent Rallye reiterates denial over allegations on its accounts, eyes legal action
Thursday, 18 Oct 2018 

Oct 18 (Reuters) - Rallye /Casino ::RALLYE STRONGLY REFUTES SOPHIE VERMEILLE’S ALLEGATIONS ON THE VALIDITY OF ITS ACCOUNTS.RALLYE THEREFORE REFERRED MATTER TO AUTORITÉ DES MARCHÉS FINANCIERS (AMF) AND INSTRUCTED ITS LAWYERS TO INITIATE APPROPRIATE PROCEEDINGS.  Full Article

Casino says its board has rejected an approach from Carrefour
Monday, 24 Sep 2018 

Sept 24 (Reuters) - Casino ::: CASINO HAS BEEN CONTACTED BY CARREFOUR OVER THE LAST FEW DAYS WITH A VIEW TO A POSSIBLE COMBINATION.: MEETING OF CASINO’S BOARD OF DIRECTORS WAS ACCORDINGLY HELD TODAY, SEPTEMBER 23, 2018.: BOARD UNANIMOUSLY REITERATED ITS ENTIRE CONFIDENCE IN CASINO’S STRATEGY FOR VALUE CREATION BASED ON ITS UNIQUE MARKET POSITIONING.: CASINO THUS INTENDS TO TAKE ALL NECESSARY ACTION TO DEFEND THE GROUP’S CORPORATE INTEREST, AND ITS STRUCTURAL INTEGRITY, A KEY FACTOR FOR THE SUCCESS OF ITS STRATEGY.: BOARD UNANIMOUSLY DECIDED TO REJECT CARREFOUR’S APPROACH.  Full Article

Rallye Announces Investor Put On 375 Million Euro Exchangeable Bonds
Wednesday, 22 Aug 2018 

Aug 22 (Reuters) - RALLYE SA ::INVESTOR PUT ON THE EUR 375 MILLION EXCHANGEABLE BONDS.FURTHER TO EARLY REDEMPTION AT OPTION OF THE BONDHOLDERS A NOMINAL AMOUNT OF EUR 370MMLN WILL BE REDEEMED IN CASH ON OCT 2, 2018.  Full Article

Casino Rejects Bernstein Estimates Related To Operations With Its Franchisees
Wednesday, 8 Aug 2018 

Aug 8 (Reuters) - CASINO SA ::CASINO REJECTS BERNSTEIN ESTIMATES RELATED TO OPERATIONS WITH ITS FRANCHISEES.SAYS IT HAS NO OBLIGATION TO BUY BACK STORES TRANSFERRED TO FRANCHISEES.SAYS IN UNLIKELY SCENARIO WHERE ALL STORES TRANSFERRED WOULD HAVE TO BE SIMULTANEOUSLY CLOSED, ONE-OFF COST FOR GROUP WOULD BE AROUND 50MEUR.CONFIRMS ITS COMMITMENT TO REDUCE ITS NET FINANCIAL DEBT IN FRANCE BY AT LEAST 1BNEUR IN 2018.  Full Article

Finatis H1 Consolidated Reccuring Operating Income Down At 428 Million Euros
Friday, 27 Jul 2018 

July 27 (Reuters) - FINATIS SA ::H1 CONSOL. RECCURING OPERATING INCOME EUR 428 MILLION VERSUS EUR 435 MILLION YEAR AGO.H1 CONSOL. NET LOSS GROUP SHARE EUR 104 MILLION VERSUS LOSS OF EUR 79 MILLION YEAR AGO.H1 CONSOL. REVENUE EUR 18.23 BILLION VERSUS EUR 18.82 BILLION YEAR AGO.H1 FINATIS INDIVIDUAL NET INCOME EUR 16.7 MILLION VERSUS EUR 16.6 MILLION YEAR AGO.  Full Article

Casino making headways on assets sale plan - CFO
Tuesday, 17 Jul 2018 

July 17 (Reuters) - Casino CFO Antoine Giscad d'Estaing tells a call with journalists::ASSETS SALE PLAN UNDER WAY, NO NEW ELEMENT TO REPORT AT THIS STAGE."WE ARE MAKING HEADWAYS" WHEN ASKED ABOUT ASSETS SALE PLAN .CFO WILL NOT COMMENT ON MARKET CONSENSUS FOR 2018 OPERATING PROFIT, REPEATS GROUP STICKING TO ITS FORECASTS.SAYS VIA VAREJO SALE PROCESS ALSO STILL UNDER WAY, NO NEWS TO REPORT.  Full Article

Casino Informed of Communication Regarding Purchasing Alliances In Food Retail Sector
Monday, 16 Jul 2018 

July 16 (Reuters) - Casino Sa ::WAS INFORMED TODAY OF FRENCH COMPETITION AUTHORITY'S (AUTORITÉ DE LA CONCURRENCE) COMMUNICATION REGARDING « PURCHASING ALLIANCES IN FOOD RETAIL SECTOR » AND OPENING OF INVESTIGATIONS..AS FAR AS HORIZON ALLIANCES (OF WHICH CASINO GROUP IS A PARTNER) ARE CONCERNED, AUTHORITY OPENED AN INVESTIGATION ON 24 MAY 2018.THIS PROCEDURE, WHICH IS STANDARD AND NON-SUSPENSIVE OF AGREEMENTS' IMPLEMENTATION, ALLOWS EXTENDED ACCESS TO INFORMATION AND, IN PARTICULAR, ALLOWS SUPPLIERS TO BE INTERVIEWED..HORIZON'S PARTNERS - A NEW GENERATION PURCHASING ORGANIZATION - TOOK SEVERAL COMMITMENTS DIRECTLY INSPIRED FROM CONCLUSIONS OF GENERAL FRENCH FOOD CONVENTION.  Full Article

Casino Confirms Process Of Selling Via Varejo Continues In Brazil
Tuesday, 27 Mar 2018 

March 27 (Reuters) - CASINO SA ::CONFIRMS THAT THE PROCESS OF SELLING ITS SUBSIDIARY VIA VAREJO CONTINUES IN BRAZIL WITHOUT ANY NEW ELEMENT TO REPORT TO THE MARKET.CONFIRMS SALE PROCESS OF VIA VAREJO ONGOING IN BRAZIL, NO NEW ELEMENT TO REPORT TO THE MARKET.DENIES ANY PARTNERSHIP CONCERNING THIS SUBSIDIARY‍​.  Full Article

Casino: Monoprix Grocery Items To Be Available on Amazon's Prime Now service in Paris
Monday, 26 Mar 2018 

March 26 (Reuters) - CASINO SA ::REG-CASINO GROUP: AMAZON AND MONOPRIX JOIN FORCES TO INNOVATE ON BEHALF OF PRIME NOW CUSTOMERS.MONOPRIX GREAT SELECTION WILL BE AVAILABLE FOR PRIME NOW CUSTOMERS SERVICE WILL BE LAUNCHING THIS YEAR.SERVICE WILL BE LAUNCHING THIS YEAR.TO BRING GROCERY ITEMS SOURCED FROM MONOPRIX TO PRIME NOW SERVICE CUSTOMERS IN PARIS AND ITS NEIGHBORHOOD THIS YEAR.GROCERY ITEMS SOURCED FROM MONOPRIX WILL BE AVAILABLE IN PRIME NOW APP AND WEB SITE.  Full Article

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Debt-burdened retailer Casino names Lubek as new CFO

PARIS Casino , the French supermarket operator which is selling assets to reduce its debt, named David Lubek as chief financial officer to replace CFO Antoine Giscard d'Estaing.