CGUSY Casino Guichard Perrachon SA (CE)

--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

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(END) Dow Jones Newswires

June 27, 2019 04:19 ET (08:19 GMT)

Casino Guichard Perrachon (CE) (USOTC:CGUSY)
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Casino Guichard Perrachon (CE) (USOTC:CGUSY)
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