Trio Offers 1 Billion Euros to Save Struggling Casino Group: Challenges and AFP Report

2023-06-14 08:15:24

Five days following abandoning a first plan to take over Casino, the trio made up of Moez-Alexandre Zouari, Xavier Niel and Matthieu Pigasse submitted an offer of 1 billion euros to raise the capital of the struggling distribution group, according to ” Challenges” and AFP. A source familiar with the matter confirmed the offer to “Echos”.

A news appreciated by the markets. This Wednesday morning, the action opened with a jump of 20.57%, to 8 euros, and continued its momentum during the morning. Over the week, it even soared by 33%, even if its trend has remained negative (nearly -20%) since the start of the year.

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