Its chairman said that the agreement preserved the group’s independence

Groupe Partouche reaches deal with banks

2009-10-27
Reading time 21 seg

"However, in order to speed up the repayment of this debt, Groupe Partouche has put in place an asset divestment plan," he added. Partouche said casino operators had been hit by new regulations, including the smoking ban, in recent years, and these, combined with the financial crisis, had hurt the group's profitability.

A cost-cutting plan it started in October 2008 had limited the impact of a drop in activity on operating profit, he added. The group's first half sales fell 10.8 % to 222.8 million euros (us$ 334.3 million).

Related topics:
Leave your comment
Subscribe to our newsletter
Enter your email to receive the latest news
By entering your email address, you agree to Yogonet's Terms of use and Privacy Policies. You understand Yogonet may use your address to send updates and marketing emails. Use the Unsubscribe link in those emails to opt out at any time.
Unsubscribe
EVENTS CALENDAR