PARIS, Oct 4 (Reuters) – Shares in French retailer Casino were suspended on Wednesday pending a statement, boosting speculation a final debt restructuring deal with creditors led by Czech billionaire Daniel Kretinsky to avert bankruptcy could be imminent. The Casino ended on 2004-08-29. If you beloved this short article and you would like to acquire extra facts concerning unibet online casino kindly go to the webpage. A consortium led by Kretinsky would end up owning between 50.4% and 53% of Casino shares. Under the July agreement, 1.2 billion euros of new money would be injected into Casino and its 6.4 billion euros of debt would be restructured.
In July, France’s sixth largest retailer reached an agreement in principle with a consortium led by Kretinsky’s company EPGC – alongside Casino’s biggest creditor Attestor, and second-biggest shareholder Fimalac – to restructure its 6.4 billion euros ($6.7 billion) debt pile. The deal, which massively dilutes shareholders, would bring an end to the 30-year reign of Casino CEO and controlling shareholder Jean-Charles Naouri, 74, who controls Casino via his listed holding company Rallye.
