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Rally, biggest rise in the SRD at the close of Friday, May 13, 2022

(AOF) – rally (+14.69% to 3.67 euros)

Rallye, the parent company of Casino, was buoyed by speculation. GreenYellow, the 76% subsidiary of Casino specializing in renewable energies, would interest Engie and TotalEnergies, reports the Echos website. According to the daily, the distributor would have mandated the banks Rothschild, Natixis, BNP Paribas, Crédit Agricole and HSBC to manage the sale and would like to draw 1.5 billion euros from the operation. This amount, which represents approximately 15 times the estimated EBITDA for 2022, would complete Casino’s disposal plan with the aim of getting rid of heavy financial debt.

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