2023-06-13 19:47:09
The trio of businessmen Xavier Niel (Free), Matthieu Pigasse and Moez-Alexandre Zouari presented an offer of one billion euros to raise the capital of the distributor in difficulty CasinoAFP learned on Tuesday from sources familiar with the matter, who confirm information from the media Challenges. In this investment, 300 million euros will be invested directly by the “3F” investment vehicle of the three businessmen and founders of Teract, details Challenges, the accuracy of which was confirmed to AFP by a source close to the case.
The rest will come “likely from other Casino investors, shareholders and creditors,” according to the Challenges article. Contacted by AFP, the Casino group declined to comment. On June 8, the three founders of the Teract distribution group had already indicated that they were working “to bring about a lasting industrial and financial solution for the group. Casino ».
In a press release, they then explained that they wanted “a strengthening of the Casino group’s equity and, to the extent necessary, an adaptation of the existing debt to the group’s capacities and the preservation of its growth potential. »
Mutual agreement procedure
Casino is currently in conciliation proceedings for a period of four months in order to renegotiate its debt of 6.4 billion euros for Casino and around 3 billion for its parent company Rallye. This amicable procedure, which leaves the management of the group in charge (unlike a situation of receivership for example), should make it possible to conclude an agreement with the creditors with a view to restructuring the debt.
The mark of interest registered by the trio Niel, Pigasse, Zouari (important franchisee of the Casino group) competes with the Czech billionaire Daniel Kretinsky, which intends to take control of Casino and which had proposed to certain creditors to draw a line under part of the debt in exchange, either for cash, or for shares, or for both. And this, up to approximately 40% of receivables.
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