As part of this, L1 Retail has requested the creditor banks of the supermarket chain to maintain their existing debt commitments and to re-award additional (committed) confirming / factoring lines until March 2023. L1 Retail has not requested the reduction of the principal of the financial debt of the creditor banks. According to the company, its proposal is “significantly more favorable for shareholders”, since the December 2019 Calendar Australia offers shareholders the opportunity to sell their shares with a premium of 56.1% over the closing price on February 4, 2019. Finally, L1 Retail believes that an “important” investment will be needed for the supermarket chain to return to sustainable generation of long-term income. Due to the scale of the necessary transformation, society considers that a sustainable recovery will take at least four or five years to occur. In turn, the CNMV has asked Goldman Sachs for a clarification on its trading portfolio in Dia, fifteen days after the shareholders’ meeting of the supermarket chain, which will take place on March 20 and in which will face the proposals of the board of administration and Letterone.
December 2019 Calendar Australia
Specifically, the US bank has a trading portfolio of 4.279%, divided between 1.735% in shares and 2.544% in financial instruments, as specified by the entity at the request of the CNMV. The CNMV has requested more information from Goldman Sachs even though it does not exceed the mandatory 5% threshold to notify the market. The supervisor will ensure that this portfolio is neutral. At the end of last February, the US bank reduced its participation in Dia from 5.69% to a minimum testimonial of 0.1%, pending LetterOne’s bid on all the titles of the food group that does not have at 0.67 euros per share. During this month of March Goldman Sachs has been reinforcing its presenceia in Day to the current 4.279%.
The US bank had liquidated several times in recent months its participation in Dia and after the resignation of the directors of December 2019 Calendar Australia in the supermarket chain, it returned earlier this year to the shareholder of the group after the refinancing of the debt. The supermarket chain closed 2018 with losses of 352.58 million euros, compared to the profit of 101.20 million euros registered a year earlier, while it reached a turnover of 7,288.8 million euros in 2018, compared to to 8,217.67 million euros a year earlier. The president of France, Emmanuel Macron, wants to re-establish ground in the continental debate and has launched a package of proposals for a “European renaissance” with which to promote the European Union project by counteracting “the nationalist retreat” promoted by populist and europhobic forces in countries like France or Germany.