Casino: Moody’s places the distributor in partial payment default – 08/18/2023 at 14:36

(AOF) – Biggest rise in the SBF 120 index, Casino wins 2.47% to 3.15 euros. An increase which comes as the rating agency Moody’s placed the Saint-Etienne distributor on Friday in a situation of partial default of payment due to interest that the distributor, about to be taken over, did not honor. This situation is however usual in the current process of restructuring its debt, specifies the agency.

At the end of July, Casino signed an agreement in principle for the restructuring of its debt with its main creditors and a consortium made up of EP Global Commerce (EPGC), a company of Czech billionaire Daniel Kretinsky, of Fimalac, the investment company of the French businessman Marc Ladreit de Lacharrière, and of the British investment fund Attestor.

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