(News Bulletin 247) – The title of the distribution group is suspended on Monday pending a press release. This while only the capital contribution offer from the Czech businessman Daniel Kretinksy is still in the running, the Niel-Pigasse-Zouari trio having thrown in the towel. Casino and its creditors are considering this offer on Monday.

Once again, the Casino action is not listed. The title of the Saint-Etienne distribution group, in full restructuring, is suspended on the Paris Stock Exchange, pending a press release from the company, indicates the stock market operator Euronext Paris.

The announcement comes as Casino’s management and creditors will consider capital injection offers as part of the company’s bailout on Monday. Or more exactly the contribution offer, since only that of the Czech businessman Daniel Kretinsky is now in the running, “3F”, a company of the Niel-Pigasse-Zouari trio, having thrown in the towel this weekend . The rallying to Kretinsky of certain creditor funds of the group, including in particular Attestor and David Kempner, constituted the tipping point. Attestor became Casino’s creditor by buying debt from banks on the secondary market

At Les Echos, Daniel Krestinsky explained that he had slightly modified his offer to take into account “comments” from the group’s creditors. The capital contribution in pure equity was thus revised downwards to 1.2 billion euros against 1.35 billion euros, he explained.

The action of Rallye, Casino’s parent company, fell by more than 17% in the first exchanges on Monday.

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