The Casino Group creditors are preparing to see the company to restructure its debt for the second time in less than three years, indicates the Financial Times On Tuesday, however, stating that official negotiations “have not yet begun.” The distributor (Monoprix, Franprix, CDISCOUNT), approved under the control of Czech billionaire Daniel Kretinsky in 2024 after years of losses and exaggeration, must reimburse 1.4 billion euros in March 2027. This is a relatively close relatively close dead new.
Casino’s debt has already been reduced by almost 5 billion euros at the time of group restructuring. But it increased again, rising to 1,400 million euros, in the first half of 2025, against 1,200 million euros six months before.
A solvency test that was held on September 30
However, to refinance its debt, the casino will have to convince investors. In the first half of this year, the group suffered a net loss of 210 million euros, but improved its profitability, an indicator to which the possible creditors would be very attentive. By not convincing its creditors, the group could participate in a confrontation to renegotiate their debt. According FigaroThe bankers and lawyers began working on this scenario during the summer.
The group had a new solvency test on September 30, in which it will be communicated when published in its next quarterly results. Until now, the casino has passed this type of proof without incident. At the end of July, its managing director Philippe Palazzi had confidence, convinced that the “forecasts” for the third quarter would allow this test “positively.”
Contacted, Casino’s group did not want to comment, like Daniel Kretinsky.
Source: BFM TV
