Brief: Cnova Says Material Uncertainty On Co's Ability To Continue As A Going Concern After 2025

Cnova NV

23/04/2024 21:14

April 23 (Reuters) - Cnova NV  CNV.PA :
    * KPMG ACCOUNTANTS N.V. HAVE ISSUED AN UNQUALIFIED AUDIT
OPINION
IN RELATION TO REPORT
    * MATERIAL UNCERTAINTY ON CNOVA'S ABILITY TO CONTINUE AS A
GOING
CONCERN AFTER 2025.
    * BOARD EXPECTS A POSITIVE OUTCOME OF DISCUSSIONS WITH ITS
MAIN
SHAREHOLDER ABOUT RECAPITALIZATION, ALTHOUGH OUTCOME REMAINS
UNCERTAIN.
    * CNOVA - CO NOTES CAPITAL STRUCTURE IN RELATION TO DEBT
COULD
COMPROMISE CO'S MID-TERM BUSINESS PLAN AFTER 2025, WHEN CERTAIN
DEBTS BECOME UNSECURED

Source text for Eikon:  ID:nGNE6mKyP1 
Further company coverage:  CNV.PA 

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