French Market Regulator Nearing End of Casino Probe -Les Echos
June 27 2019 - 4:34AM
Dow Jones News
--French market regulator AMF is nearing the end of an
investigation into whether Casino acted properly when it
deconsolidated its Mercialys property company in 2013, reports
French newspaper Les Echos.
--The retailer held more than 50% in 2012 but reduced it to 40%
in 2013. However, if it held de facto control of the unit, Casino
shouldn't have deconsolidated the unit's debt from its balance
sheet, according to Les Echos.
--The AMF could decide to penalize Casino, depending on the
outcome of the investigation, Les Echos reports.
Full story in French: https://bit.ly/2X4oWYS
Write to Barcelona editors at barcelonaeditors@dowjones.com
(END) Dow Jones Newswires
June 27, 2019 04:19 ET (08:19 GMT)
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