HomeEconomyCasino: Niel-Pigasse-Zouari trio renounces to submit takeover bid, Kretinsky alone in the...

Casino: Niel-Pigasse-Zouari trio renounces to submit takeover bid, Kretinsky alone in the running

The Niel-Pigasse-Zouari trio, which had submitted one of the two takeover bids for the Casino group, finally gave up on Sunday.

New twist on the soap opera Casino. The trio Xavier Niel, Matthieu Pigasse and Moez-Alexandre Zouari announced on Sunday that they were resigning their offer to take over the debt-ridden distribution company Casino, leaving only the offer of Daniel Kretinsky, backed by Marc Ladreit from Lacharriere.

3F, the holding company through which the trio intended to take over Casino, wrote in a press release that it “refuses to participate in a biased process: the company has obviously already chosen its buyer.” She claims not to have “received the requested information” on various points of the Casino’s financial situation.

>> More information to come on BFM Business in a few moments. Also watch BFM Business live on video and follow us On twitter.

Author: Clement Lesaffre with AFP
Source: BFM TV

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