On Thursday Casino said the binding debt deal was reached with the consortium led by Kretinsky’s company EPGC alongside Casino’s biggest creditor Attestor, its second-biggest shareholder Fimalac and the retailer’s secured creditors. “Casino has reached a major milestone in its financial restructuring process by obtaining the agreement of its main creditors on a financial restructuring plan,” CEO and controlling shareholder Jean-Charles Naouri said in a statement. Footfall in Casino supermarkets was up 4% over the past four weeks, the company said.
Casino’s Chief Financial Officer David Lubek said price cuts were bringing more customers into the retailer’s stores. As time passes on, you may want to explore other games. If you know the rules, it will make it even much easier as most live casino platforms are easy to learn. To enjoy playing at a live casino, it is important to play the games you love. This is why you may want to choose a live casino that offers a wide selection of games such as this legit website.
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The retailer, which is now France’s sixth-largest supermarket group, said it planned to pursue discussions with the financial creditors not yet party to the lock-up agreement to get them to sign up to it too. The deal massively dilutes shareholders and will bring to an end the 30-year reign of 74-year-old Naouri, who controls Casino through his listed holding company Rallye. Casino will formally change hands at the end of March next year. However, they may be engaging in fishy activities to steal from their users.
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