New spin on the Casino file. According to information from BFM Business, this Thursday night after the stock market, the end of the discussions between the distributor, in search of a buyer, and the Teract group will be announced.
On the other hand, the three founders of Teract, Xavier Niel, Moez-Alexandre Zouari and Matthieu Pigasse, are determined to take over and recapitalize Casino. To do this, they are creating a vehicle in which they will initially invest between 200 and 300 million euros. Furthermore, with the support of creditors, including hedge funds, they plan to raise more than one billion euros.
They are therefore leading a new project for which they will rely especially, in the industrial aspect, on the Teract company, of which they continue to be shareholders.
Source: BFM TV
