2023-07-19 03:02:04
Casino group stores have a new contender. The German retailer Lidl has shown interest in taking over nearly 600 Casino and Monoprix stores and approached the investment fund Attestor, one of the new key allies of the duo of buyers Kretinsky-Ladreit de Lacharrière, revealed The world.
The daily claims to have consulted a letter signed by Kenneth McGrath, the general manager of Lidl to David Alhadeff, one of the partners of Attestor in charge of the Casino file, in which he draws up a “target” list of 300 Casino supermarkets and 300 Monoprix. Contacted, Lidl declined to comment on the information.
Attestor confirmed “marks of interest” from Lidl but affirmed that “there are no discussions” at present with Lidl, saying he is “engaged in a long-term vision” with Daniel Kretinsky and Marc Ladreit de Lacharrière.
Casino green light to Kretinsky offer
The Attestor fund has joined Lacharrière’s Kretinsky-Ladreit duo to form a consortium that filed a revised offer on Saturday, pushing the competitors it was initially discussing with, the Niel-Pigasse-Zouari trio united in a 3F company, to throw the sponge sunday. It was in the context of 3F’s offer that Lidl’s letter was sent to Attestor, adds a close source.
The Casino group gave the green light on Monday to an improved offer for recapitalization and restructuring of its debt from the consortium led by Daniel Kretinsky. “I am committed to hyper (markets) and super (markets) and to preserving the maximum possible perimeter,” the Czech billionaire said on Sunday. in an interview with the newspaper Les Echos.
At the end of May, when entering the conciliation procedure to enable it to negotiate the restructuring of its enormous debt with its creditors, Casino had also announced an agreement with Intermarché for the sale of more than a hundred of its stores.
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