New Information on Casino Casts Additional Doubt on France Recovery; Governance Problems in Brazil Appear Larger than Admitted (CO:FP)
Based on new information, we are revising downward our estimate of 2014 adjusted France retail EBITDA by 9.1%. Our investigators uncovered strong evidence that indicates in H2 2015 Casino has stretched payables to its suppliers in France to levels beyond what was typical of Casino, and generall… more