Previous close | 10.56 |
Open | 10.56 |
Bid | N/A x N/A |
Ask | N/A x N/A |
Day's range | 10.56 - 10.56 |
52-week range | 10.56 - 24.83 |
Volume | |
Avg. volume | 0 |
Market cap | 1.141B |
Beta (5Y monthly) | 1.01 |
PE ratio (TTM) | N/A |
EPS (TTM) | -5.17 |
Earnings date | N/A |
Forward dividend & yield | N/A (N/A) |
Ex-dividend date | 09 May 2019 |
1y target est | N/A |
By Scott Kanowsky
By Scott Kanowsky
Casino's preliminary talks with Teract to combine their French retail activities perplexes some analysts, who say a deal wouldn't address the supermarket group's urgent need to slash debt. Casino, controlled by 73-year-old Jean-Charles Naouri, faces a wall of debt, starting with about 1.3 billion euros ($1.42 billion) of secured and unsecured bonds due next year for French activities, according to credit rating firm S&P. It recently cut its rating for Casino, highlighting the company's need "to fix the current cash burn." Naouri has pledged to sell 4.5 billion euros' worth of assets at Casino - owner of the Monoprix, Franprix and Naturalia brands - by the end of this year, 90% of which had already been completed by last October.