2023-07-16 17:49:56
On July 3, each camp had submitted a firm offer to recapitalize Casino and restructure its abysmal debt (nearly 7 billion euros). Eric Gaillard/REUTERS
INFO LE FIGARO – Associated with Marc Ladreit de Lacharrière and the main creditors of the group, the Czech billionaire markedly improved his rescue offer on Saturday. Enough to convince the distributor’s board of directors, which meets on Monday followingnoon.
Nearly four years following entering the capital of Casino, the Czech billionaire Daniel Kretinsky is very well placed to take control. At the beginning of the fall, he might hold 50.4% of the Saint-Etienne distributor, associated with the French billionaire Marc Ladreit de Lacharrière (Fimalac). Casino’s board of directors, chaired by Jean-Charles Naouri, meets this Monday at the end of the day. He should support the group recapitalization and debt restructuring plan proposed by the two men. “With the contribution of 1.2 billion euros of new money in capital and the abandonment of 6.1 billion of debts, this project responds to the main concerns of Casino“, assures a relative of Jean-Charles Naouri.
For several months, two camps have been fighting to regain control of the distributor, or at least of its French brands (Casino, Hyper Frais, Monoprix, Franprix, Naturalia); faced with an unsustainable debt, the group has indeed decided to…
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