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Rallye SA (GENC.PA)

GENC.PA on Paris Stock Exchange

5.87EUR
4:35pm BST
Change (% chg)

€-1.51 (-20.46%)
Prev Close
€7.38
Open
€7.41
Day's High
€7.62
Day's Low
€5.81
Volume
737,385
Avg. Vol
228,184
52-wk High
€12.96
52-wk Low
€2.80

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Fri, May 24 2019

UPDATE 4-Casino shares boosted as boss Naouri buys time for retail empire

* Move gives time to restructure debt, Casino shares up 12 pct

Muddy Waters says Rallye news is vindication of its warnings

PARIS, May 24 Short-seller Muddy Waters said on Friday that news Rallye, the parent company of French retailer Casino, had been placed under protection from creditors was "a resounding vindication of the warnings we sounded".

Casino's parent Rallye placed under creditors' protection

PARIS A Paris commercial court on Thursday placed Rallye, the parent company of retailer Casino, which is battling investor concerns over its high debt, under creditors' protection for at least six months.

UPDATE 4-Casino's parent Rallye placed under creditors' protection

* Casino shares slump before suspension, CDS hits record high

Casino: holding' debt troubles will not impact supermarket chain's staff or strategy

PARIS, May 23 Debt-ridden French supermarket chain Casino said that a decision to place its parent company Rallye under administrative measures would not impact its staff, nor Casino's broader business strategy.

Retailer Casino's parent company Rallye placed under creditors' protection by court

PARIS, May 23 Debt-ridden supermarket chain Casino's parent company Rallye has been placed under creditors' protection by a Paris court, the company confirmed on Thursday.

RPT-UPDATE 3-Retailer Casino's shares slump as boss Naouri faces restructuring pressure

* Casino shares slump before suspension, CDS hits record high

Casino shares suspended, boss under pressure to restructure

PARIS Shares in indebted French supermarket group Casino and its parent Rallye were suspended on Thursday pending a statement, fuelling speculation of a debt restructuring that could weaken the grip of retail kingpin Jean-Charles Naouri.

UPDATE 3-Casino shares suspended, boss under pressure to restructure

* Investors have also criticised complexity of companies (Adds details on CEO Naouri, analyst, context)

Retailer Casino's shares slump as Rallye's stock gets suspended

PARIS, May 23 Shares in indebted French supermarket retailer Casino slumped on Thursday, as trading in the shares of Casino's parent company Rallye were suspended.

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