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French retailer Casino finalizes rescue deal led by Czech tycoon

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작성자 Carmelo 댓글 0건 조회 4회 작성일 24-09-30 13:01

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The stopgap "continuing resolution" (CR) that prevented a federal government shutdown does not include approval for this new program, however, and while it maintains federal services to the COFA states, it leaves holes in other parts of their budgets. When you have almost any concerns concerning wherever along with how to use winner 888 เครดิตฟรี, you are able to contact us in the web-page. governed by so-called Compacts of Free Association (COFAs), under which Washington is responsible for their defense and provides economic assistance, while gaining exclusive military access to strategic swathes of ocean. The sprawling but sparsely populated nations have ties with the U.S.

Thursday's announcement finalizes a July agreement in principle which called for 1.2 billion euros ($1.26 billion) of new money to be injected into Casino, as well as a reduction of Casino's debt by 6.1 billion euros. Casino's Chief Financial Officer David Lubek said price cuts were bringing more customers into the retailer's stores. Footfall in Casino supermarkets was up 4% over the past four weeks, the company said. 30 new 20-year funding programs for Micronesia, the Marshall Islands and Palau, which after decades of relative neglect now find themselves at the center of a U.S.

The Biden administration had hoped to see Congress endorse by Sept. battle for influence with China in the Northern Pacific. nuclear testing there in the 1940s and 1950s. There is no new money so far too for the Marshall Islands, which has yet to finalize new terms with Washington due to disagreements over how to address the legacy of massive U.S. Castaways - casino - ended in 1987. The retailer, which is now France's sixth-largest supermarket group, said it planned to pursue discussions with the financial creditors not yet party to the lock-up agreement to get them to sign up to it too.

Casino reiterated it had until Oct. 25 to obtain from a commercial court the start of an accelerated safeguard procedure under which it could approve the plan with the support of secured creditors and compel reluctant creditors to follow. "Casino has reached a major milestone in its financial restructuring process by obtaining the agreement of its main creditors on a financial restructuring plan," CEO and controlling shareholder Jean-Charles Naouri said in a statement.

"While keeping the services going is an important assurance, the CR will make things quite difficult in the Marshalls (which has an election on November 20) and Palau (election next year)," said Cleo Paskal, an expert on the COFA states with the Foundation for Defense of Democracies think tank. On Thursday Casino said the binding debt deal was reached with the consortium led by Kretinsky's company EPGC alongside Casino's biggest creditor Attestor, its second-biggest shareholder Fimalac and the retailer's secured creditors.

The deal massively dilutes shareholders and will bring to an end the 30-year reign of 74-year-old Naouri, who controls Casino through his listed holding company Rallye. Casino will formally change hands at the end of March next year. plans to build an early-warning radar by offering to build a hotel and casino nearby. Congress, noted last week that Palau's Finance Minister Kaleb Udui told a congressional field hearing in August that Beijing had been trying to tempt locals to oppose U.

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