HomeEconomyCasino: the trio Niel, Pigasse, Zouari presents an offer of one billion...

Casino: the trio Niel, Pigasse, Zouari presents an offer of one billion euros to increase capital

The trio of businessmen presents an offer of up to one billion euros to increase the capital of the Casino group

The trio of “musketeers” is positioned. Businessmen Matthieu Pigasse, Xavier Niel and Moez-Alexandre Zouari have submitted an offer of up to one billion euros. In this way they want to increase the capital of the Casino group, mired in financial difficulties.

The general director of the group, Jean-Charles Naouri, had announced the opening of a conciliation procedure to its creditors. This friendly procedure, decided for a period of four months “possibly extendable for one month”, should allow the company, in debt of 6.4 billion euros at the end of 2022, including 4.5 for its activity in France, to reach an agreement with your creditors with a view to a possible restructuring of your debt.

“The question is, therefore, who can clean up this financial imbalance”, in the words of the Chairman and CEO. In a letter sent yesterday to his employees, the CEO evokes the hint of the entry of “one or more new investors.”

If the name of the Czech billionaire Daniel Kretinsky appears often, it is therefore the Pigasse trio, Niel Zouari who have positioned themselves for the moment.

>> More information to come

Author: SA with AFP
Source: BFM TV

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