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Rallye SA (RAY.F)
- Reuters
French watchdog fines Rallye, its CEO for market manipulation
AMF issued a fine of 25 million euros against the holding company, which is the parent of the troubled supermarket chain Casino, and a 1 million euro fine against the CEO. AMF in a statement said Rallye and Hattab had disseminated false or misleading information about the company's financial situation on eleven occasions between March 2018 and May 2019.
- Reuters
Debt-ridden retailer Casino gives July 3 deadline for offers to boost its equity
French supermarket retailer Casino on Wednesday set a deadline of July 3 for offers to boost its equity base, as it works on a debt restructuring which it said would result in shareholders facing a large dilution on their holdings. Casino has two rival 1.1 billion euros($1.20 billion) bid proposals to boost its equity base. One involves French billionaire Xavier Niel, who has teamed up with investment banker Matthieu Pigasse and businessman Moez-Alexandre Zouari, and the other is led by Czech billionaire Daniel Kretinsky.
