Denitsa Stoyanova

Jun 21, 2024 | 9fin.com | Bianca Boorer |Denitsa Stoyanova |Emmet Mc Nally |William Macadam |Max Frumes

Winding Up is 9fin's weekly newsletter, incorporating summaries and commentary from our European distressed coverage for the past week. Find out more about what we do for distressed here. Cast your mind back two years, just as inflation soared and interest rates began their ascent. Expectations were that we could be seeing the makings of a real default cycle, where restructurings would have to materially delever companies and lenders would have to stomach painful haircuts.

Jun 14, 2024 | 9fin.com | Bianca Boorer |Denitsa Stoyanova |Emmet Mc Nally |William Macadam |Nathan R. Mitchell |Max Frumes

Winding Up is 9fin's weekly newsletter, incorporating summaries and commentary from our European distressed coverage for the past week. Find out more about what we do for distressed here. So, the Fed held interest rates…Why has the Fed gotten so hawkish on rate cuts? “The big thing that changed was the inflation forecast.

Dec 3, 2023 | 9fin.com | Denitsa Stoyanova

Atos SE, the French IT services behemoth, was once considered the crown jewel in France's tech industry but in the past couple of years it has run into trouble by growing too fast and spreading itself too thin. The company came on our radar in summer 2022 when it embarked on a radical split into two companies – Eviden and Tech Foundation – in an effort to restructure the struggling businesses and put them on their own divergent recovery paths.

Apr 23, 2023 | 9fin.com | Denitsa Stoyanova

Mr. Daniel Křetínský, the second largest shareholder of Groupe Casino, surprised the market today (24 April 2023) with a proposal to inject up to €1.1bn of fresh liquidity in Casino France.

Mar 16, 2023 | 9fin.com | Denitsa Stoyanova

Groupe Casino’sfinancial metrics continued to decline in 2022, reporting its smallest topline and slimmest profit in its core market in five years. The only growth for the France-headquartered Supermarket group came from Latam, but this failed to offset muted performance elsewhere. This is a bad time for Casino to underperform in terms of operations, cash flow generation and deleveraging, as the group faces a large maturity wall (€1.4bn in 2024 and €1.8bn in 2025) in France alone.