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CGUSY Casino Guichard Perrachon SA (CE)

0.10
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Name Symbol Market Type
Casino Guichard Perrachon SA (CE) USOTC:CGUSY OTCMarkets Depository Receipt
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  0.00 0.00% 0.10 0.00 01:00:00

Casino Shares Halted After Parent Company's Woes Drag

23/05/2019 11:19am

Dow Jones News


Casino Guichard Perrachon (CE) (USOTC:CGUSY)
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   By Cristina Roca 
 

Shares in Casino Guichard-Perrachon SA (CO.FR) were halted following a sharp fall on Thursday, after shares in its parent company, Rallye SA (RAL.FR), were suspended from the Euronext Paris exchange.

The stock-exchange operator said in a press release on Wednesday that trading in Rallye shares would be suspended on Thursday at the company's request, pending the publication of a press release. The announcement came as shares in the debt-ridden company hit an all-time low of EUR7.47 on Wednesday, and ended the day 7.1% lower.

Trading of shares in Casino--in which Rallye holds over 51%--was also halted Thursday at 0831 GMT at the request of the issuer, a Euronext Paris spokeswoman confirmed. Prior to being suspended, shares in the French supermarket had fallen 6.4%.

Rallye wasn't immediately available for comment. A spokesman for Casino said the company would communicate later.

 

Write to Cristina Roca at cristina.roca@dowjones.com; @_cristinaroca

 

(END) Dow Jones Newswires

May 23, 2019 06:04 ET (10:04 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.

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