PARIS (Reuters) – Casino soared on the stock market again on Monday as news reports showed interest from rivals Auchan and Carrefour in the heavily indebted retail group, which is already the subject of two takeover bids .
At the close, the Casino share posted a gain of 10.28% to 6.65 euros, signing the largest increase in the SBF 120, which took 0.51%.
Le Figaro and Les Echos reported at the end of last week an interest from the Auchan group for a merger with Casino. For its part, Letter A reports that Carrefour would also look at the file.
Carrefour and Casino declined to comment. Auchan was not immediately available for comment.
Thursday, Casino announced the end of its discussions with the French group Teract for a merger in distribution activities in France. In the process, businessmen Xavier Niel, Matthieu Pigasse and Moez-Alexandre Zouari announced that they wanted to work on “a lasting financial and industrial solution” for the Saint-Etienne group.
Casino is also coveted by Czech billionaire Daniel Kretinsky, who has offered to take control of the group through a capital increase of 1.1 billion euros.
(Written by Blandine Hénault, with contributions from Dominique Vidalon, edited by Bertrand Boucey)
Copyright © 2023 Thomson Reuters
I have over 8 years of experience working in the news industry. I have worked as a reporter, editor, and now managing editor at 247 News Agency. I am responsible for the day-to-day operations of the news website and overseeing all of the content that is published. I also write a column for the website, covering mostly market news.
