A little over a semester to get things back on track. In a press release published this Thursday, October 30, the Casino group announced that it wanted to strengthen its financial structure between now and mid-2026, in particular by increasing its capital.
“In support of the execution of its strategic plan, and taking into account the maturity of its debt (in March 2027, editor’s note), the group announces that it is launching work to adapt and reinforce its financial structure,” and “intends to have successfully completed these works by the end of the second quarter of 2026,” Casino announced.
Strengthen equity
The group wants, in particular, to “strengthen its own funds to have the necessary room for maneuver to implement its strategic roadmap and achieve its objectives.” An ad hoc committee has been created, consisting mainly of independent directors and members of the audit committee.
The debt amounted to 1.4 billion euros as of June 30, compared to 6.2 billion at the time of the group’s restructuring.
According to information recently published by La Lettre, the main shareholder of the Casino group, Daniel Kretinsky, is preparing to reinject 500 million euros to convince creditors to reduce the debt by the same amount. Neither Casino nor Daniel Kretinsky’s entourage have made any comment.
The group with seven brands (Casino, Monoprix, Franprix, Naturalia, Vival, Spar and CDiscount) came under the control of Czech billionaire Daniel Kretinsky in 2024, after years of losses and excessive debt that led the group to separate itself from all its supermarket activities.
Source: BFM TV
