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Retailer Casino seals lock-up on debt rescue deal led by Czech...

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조회 11회 작성일 24-09-07 20:03

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The French retailer said on Oct. A consortium led by Kretinsky will end up with 50.4% to 53% of Casino shares, based on the July agreement. This finalised a July agreement in principle that called for 1.2 billion euros of new money to be injected into Casino and a reduction of its debt by 6.1 billion euros. 5 it had sealed a deal to avert bankruptcy through a debt restructuring agreed with its main creditors, led by Kretinsky. If you have any questions relating to where by and how to use คาสิโน ออนไลน์ เว็บตรง 888, you can get hold of us at our own website. Casino, which was brought to the verge of default after years of debt-fuelled deals and recent losses in market share to rival supermarket groups, said the binding agreement was reached with the consortium led by Kretinsky's company EPGC - alongside Casino's biggest creditor Attestor, and second-biggest shareholder Fimalac, and along with secured creditors while discussions with unsecured creditors continue.

Most recently, supermarket group Casino finalised a deal to avert bankruptcy, which will leave a consortium led by Kretinsky with more than half of its shares. Oct 5 (Reuters) - Czech billionaire Daniel Kretinsky has been on a buying spree in France, with three new investments so far this year. The duration of The Casino is 2640.0 seconds. Logistics firm DoDo, which provides fast delivery services to customers in e-commerce, retail and food delivery, said in May 2022 Kretinsky would inject 60 million euros ($63.16 million) into the group over two years to support its international expansion.

EPH controls a total installed capacity of 14 gigawatts, according to the company's website. The group, in which Kretinsky holds 50%+1 share, comprises more than 70 energy-related companies and reported combined revenue of 37 billion euros in 2022. Kretinsky's 1890s Holdings group has a 27% stake in English Premier League soccer club West Ham United, according to the club's website, adding to his ownership of the leading Czech team, Sparta Prague.

The deal would also give Kretinsky a 7.5% stake in its remaining business, to be renamed Eviden. Kretinsky is in exclusive talks to buy Atos's loss-making Tech Foundations branch in a 2 billion-euro deal via his EP Equity Investment vehicle, the French tech group said in August. France's Vivendi, controlled by billionaire Vincent Bollore, agreed in June to sell its publishing business Editis to International Media Invest (IMI), a subsidiary of Kretinsky's Czech Media Invest (CMI).
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