![]() ![]() As of the end of June, the company's net debt was noted at €6.1 billion, a slight decrease from €6.4 billion at the end of the previous year. This extension is anticipated to grant enough time for the property entity within the group to initiate a plan for asset sales, which would consequently enable Quatrim to lower its debt.Ĭasino has been wrestling with debt reduction efforts for some time, aiming to maintain its operations amidst financial difficulties. The new agreement also ensures the protection of Quatrim's assets. The notes, issued by the group's property management entity Quatrim, were originally due in January 2024 but have now been postponed to January 2027. French supermarket chain Casino Guichard-Perrachon's shares surged by 4% to €1.78 on Tuesday, sparked by an in-principle agreement with a majority of its creditors to extend the maturity date for senior secured notes worth €553 million ($591.2 million). ![]()
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