BRIEF

on FINATIS (EPA:FNTS)

Restructuring of Casino: Finatis announces the liquidation of its holding companies

March 28, 2024 marks a crucial step for the Finatis group with the announcement of the finalization of the financial restructuring of Casino. This operation led to a significant change in Casino's shareholder structure, with Rallye now owning only 0.1% of its capital and therefore losing control of the company. This development follows a press release published on February 27, 2024, in which Rallye, as well as Foncière Euris, Finatis and Euris, had already announced their intention to request the resolution of their safeguard plan in favor of a judicial liquidation procedure.

Consequently, the companies Rallye, Foncière Euris and Finatis will request the suspension of the listing of their shares and other listed financial instruments, this suspension being effective from the opening of the judicial liquidation procedure. With no forecast of resumption of trading, these instruments should be withdrawn from the market in the context of judicial liquidation. This approach is part of a strategy aimed at concluding the financial restructuring process of Casino.

R. P.

Copyright © 2024 FinanzWire, all reproduction and representation rights reserved. Disclaimer: although drawn from the best sources, the information and analyzes disseminated by FinanzWire are provided for informational purposes only and in no way constitute an incentive to take a position on the financial markets.

Click here to consult the press release on which this article is based

See all FINATIS news