Casino: why the group is not yet out of the woods, despite the arrival of two buyers

by time news

2023-07-28 16:48:43

Until the end, the suspense will have hovered over the restructuring of the abyssal debt of the Casino group. In the night from Thursday to Friday, in extremis, an agreement was reached, paving the way for the takeover plan of the duo of billionaires Daniel Kretinsky and Marc Ladreit de Lacharrière. On Friday morning, the buyers, associated with the British fund Attestor, said they were “happy” with the support of creditors for their “long-term rescue project” for the group, while the Minister of the Economy, Bruno Le Maire, estimated that this agreement “opens the way to a lasting solution”. A sign that the markets themselves remain worried, Casino shares tumbled 13% on Friday morning.

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