Shares in Rallye, the parent company of French retailer Casino, fell almost 5 per cent on Monday following the disclosure of a series of complex financing arrangements in the empire built by controlling shareholder Jean-Charles Naouri. Casino’s three parent companies, which also include Foncière Euris and Finatis, late on Friday said that they had entered into a number of structured finance agreements with banks.
Shares in Rallye, the parent company of French retailer Casino, fell almost 5 per cent on Monday following the disclosure of a series of complex financing arrangements in the empire built by controlling shareholder Jean-Charles Naouri. Casino’s three parent companies, which also include Foncière Euris and Finatis, late on Friday said that they had entered into a number of structured finance agreements with banks.
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