Does Daniel Kretinsky want to take control of Casino? EP Global Commerce, owned by the Czech businessman, has just proposed to the distributor a capital increase of 1,100 million euros that could mean a change of control of the group.
In a press release, Casino says that it has received from EP Global Commerce, a company affiliated with VESA Equity Investment that owns 10.06% of the capital of the Saint-Etienne group, a letter of intent to subscribe a capital increase reserved for Casino. up to 750 million euros. EP Global Commerce proposes that Fimalac, which is also a Casino shareholder, can sign a capital increase reserved for it, up to 150 million euros. A capital increase would be offered with maintenance of preferential subscription rights to current Casino shareholders, up to 200 million euros, the group continues to indicate.
An answer in “the next few weeks”
Casino says it will look at EP Global Commerce’s proposal over the next few weeks.
Deep collaborations with Les Mousquetaires
Casino also announced on Monday that it has entered into exclusive talks with Groupement Les Mousquetaires to deepen its industry and
purchases “Groupement Les Mousquetaires and the Casino group plan to extend the duration of their alliances for two years until 2028 and extend their agreements to the new entity to be formed between the Casino group and Teract, which would be controlled by the Casino group,” he said. it’s a statement.
Source: BFM TV
