Europeâs Bankruptcies Are Plummeting. That May Be a Problem.
Governments have extended national programs to keep troubled businesses afloat, but the aid may only be postponing a painful reckoning.
Romain Rozier in his empty restaurant in Paris. “We re at death’s door.” he said.Credit.Sabine Mirlesse for The New York Times
PARIS â Romain Rozierâs cafe should be bankrupt by now.
Since the coronavirus hit last spring, sales at the once buzzing lunch spot in northern Paris are down 80 percent. The only customers on a recent day were a couple of UberEats couriers and a handful of people spaced far apart at the counter, ordering takeout.
Rallye Launches a Global Tender Offer for Its Unsecured Debt as Part of a Modified Dutch Auction Procedure
Rallye (Paris:RAL)
On February 28, 2020, the Paris Commercial Court approved Rallye s safeguard plan, which provides for the repayment of its liabilities to be rescheduled between 2023 and 2030
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Rallye has launched today a global tender offer for its unsecured debt (including the bonds and commercial paper) as part of a modified Dutch auction procedure (the
Tender Offer
Tender Offer
The purpose of the Tender Offer is to (i) provide holders of unsecured debt with the opportunity of having all or part of their claims repurchased at a price determined as part of a modified Dutch auction and to (ii) improve Rallye s debt profile, in the context of the implementation of its safeguard plan approved on 28 February 2020 by the Paris commercial court.
and the new form of governance
Regulatory News:
Europcar Mobility Group s (Paris:EUCAR) Extraordinary General Meeting was held on January 20, 2021 under the chairmanship of Mr. Jean-Paul Bailly, Chairman of the Supervisory Board. A quorum of 37,25% was reached.
In light of the COVID-19 epidemic and in accordance with Order No. 2020 1497 of December 2, 2020, the Extraordinary Shareholders Meeting was exceptionally held without the physical presence of its shareholders, in closed session.
Shareholders were able to follow the proceedings of the meeting from a distance, which were webcasted live and are also available in replay mode on the Company s website at the following address: https:///europcar/#!/europcar/20210121 1.
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Not to be published, distributed or circulated directly or indirectly in the United States, Australia or Japan.
This press release is an advertisement and not a prospectus within the meaning of Regulation (EU) 2017/1129 of the European Parliament
and of the Council of June 14, 2017.
Regulatory News:
Europcar Mobility Group (Paris:EUCAR) (the Company ) filed an Amendment to the 2019 Universal Registration Document filed with the Autorité des marchés financiers ( AMF ) on 12 January 2021 under number D.20-0448-A01.
Europcar Mobility Group also announces that, on 12 January 2021, the AMF granted visa number 21-011 to the prospectus (the Prospectus ) made available to the public in connection with:
January 8, 2021
In France and the Casigrangi subsidiary of local conglomerate Groupe Philippe Ginestet has reportedly completed its purchase of a 75.07% stake in local casino operator Societe Francaise de Casinos (SFC).
According to a Thursday report from G3Newswire, the deal was approved by the French Ministry of the Interior in November after the Paris Commercial Court dismissed an appeal from Belgian rival Ardent Group. The source furthermore detailed that the arrangement has subsequently seen Casigrangi take over the shareholding in SFC previously controlled by private investors Frameliris, Foch Investissements and Verneuil Finance in hopes of being able to help the operator further accelerate its development across France.