The candidates to take possession of the Casino will spend a great oral in Bercy. The two bidders – the Zouari-Niel-Pigasse trio on the one hand and the businessman Daniel Kretinsky on the other – have an appointment on Tuesday afternoon at CIRI, the Interministerial Committee for Industrial Restructuring.
Each one will expose there, within a certain time, their respective business plan before the representatives of the Casino and the conciliators. A deadline must be determined, likely later this week, until which the two courses can further improve their offers, which should therefore, in fact, be extended past the Monday night deadline.
Two very different offers
Two offers have been submitted for the Casino group. The Czech businessman Daniel Kretinsky, associated with Marc Ladreit de Lacharrière, proposes a capital increase of 1,350 million euros to rescue the Casino group.
The two men will finance this capital increase worth 900 million euros, to have 50% of Casino. The remaining balance will be contributed by the creditors to whom they propose to invest together with them. Investment funds that have Casino debt and also French banks.
The other offer, that of the Zouari-Niel-Pigasse trio, consists of an investment of 900 million euros. Half of this capital injection will be in the form of shares and the other half through a debt issue.
The trio is backed by investment funds, including Attestor and Farallon. His offer is also conditional on the reduction by half of the Casino group’s debt and provides them, according to the distributor, “maintenance of the current level of employment.”
Source: BFM TV
