Casino, Carrefour Combination Would Be a Gamble for Both Bonds - ING

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24 September 2018

Casino, Carrefour Combination Would Be a Gamble for Both Bonds - ING

A merger between Casino and Carrefour would be a positive for the much lower-rated Casino bonds and a negative for Carrefour's, but any potential combination would probably be hit with antitrust issues, say analysts at ING. "At this stage it's difficult to assess how much truth the talk holds," says ING, after Carrefour denied making any such approach. Casino shares trade down 0.5% at EUR35.86, Carrefour trades up 0.3% at EUR16.64 - via WSJ

Sentiment among German firms weakened slightly this month. The Ifo Business Climate Index declined to 103.7 points in September from 103.9 points in August

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