Casino shareholders “massively diluted”, parent company Rallye “will lose control”, announces the group

2023-06-28 18:46:36

The shareholders of the Casino distribution group, faced with colossal debt, will be “massively diluted” whatever the restructuring plan adopted and the parent company Rallye “will lose control” of the group, the group announced on Wednesday in a press release.

“Whatever the final restructuring plan, Casino’s shareholders will be massively diluted and Rallye will lose control of Casino”, thus ending the stranglehold of the historic boss of the distributor Jean-Charles Naouri, it is further specified.

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