Top Stock News: Casino’s Debt Restructuring, Sanofi’s Breakthrough Data, Alpine’s Growth Plans, and More

2023-06-26 06:49:00

PARIS, June 26 (Archyde.com) – The stocks to follow on Monday on the Paris Stock Exchange and in Europe:

* CASINO CASP.PA announced on Monday that it aims to reach an agreement in principle with the main creditors on the restructuring of its debt by the end of July, estimating that this agreement will have to include a contribution from “at minus 900 million euros” in equity. The distributor announced on Friday that it had finalized the sale of its residual stake in the Brazilian chain Assaí for a total gross amount of 404 million euros.

➦ Casino sells the rest of its stake in Assaí for 404 million euros

* SANOFI SASY.PA announced on Sunday that breakthrough data presented at a congress demonstrate highly effective protection of ALTUVIIIO against bleeding in children with severe haemophilia A, at a once-weekly dose

* Alpine, the sports brand of the RENAULT RENA.PA group, announced on Monday that it is aiming for an operating margin of 10% and a turnover of more than eight billion euros in 2030 thanks to an extension of its range which should enable it to attract also the United States and the whole of Asia.

* PERNOD-RICARD PERP.PA announced on Friday the signing of a memorandum of understanding for the potential sale of the Clan Campbell brand to Stocks Spirits Group.

* TOTALENERGIES TTEF.PA and Aramco have awarded engineering and construction contracts worth $11 billion for the Admiral complex, a petrochemical site in Saudi Arabia, the two groups announced on Saturday.

* SCOR’s board of directors SCOR.PA has unanimously decided to appoint Fabrice Brégier as non-executive chairman, with immediate effect, the reinsurer announced on Sunday.

* ASSOCIATED BRITISH FOODS ABF.L raised its full-year profit forecast on Monday after reporting a 13% rise in Primark sales in the quarter to May 27.

* NOVO NORDISK NOVOb.CO said on Sunday that a late-stage study showed that a high-dose oral version of its drug semaglutide helped overweight or obese adults lose 15% of their body weight.

* LATECOERE LAEP.PA – The aerospace group announced on Friday the departure of its chairman of the board of directors Pierre Gadonneix and the appointment of Thierry Mootz as chairman and chief executive officer.

(Written by Jean-Stéphane Brosse and Laetitia Volga, edited by Kate Entringer)

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