A Casino supermarket in Nantes
PARIS (Reuters) – Businessmen Xavier Niel, Matthieu Pigasse and Moez-Alexandre Zouari have filed an offer of one billion euros to raise a stake in Casino, we learned on Tuesday from a source. close to the file, confirming information disclosed earlier by Challenges and AFP.
The trio said on Thursday that they wanted to work on “an industrial and lasting solution” for the Casino group, after the abandonment of a merger project with Teract.
Led by Jean-Charles Naouri, the Casino group is going through a zone of strong turbulence, in particular attributable to its debt, which reached 6.4 billion euros at the end of December. Casino must repay 3 billion euros in debt over the next two years and the holding company through which Jean-Charles Naouri controls it is also heavily indebted.
(With Juliette Jabkhiro, written by Nicolas Delame)