Revolution in sight in French mass distribution.
Weakened by a debt of 6.4 billion euros, the Casino group, led and controlled since 1992 by Jean-Charles Naouri, could soon have Daniel Kretinsky as its first shareholder.
This operation would allow the Czech billionaire to strike a new blow in France.
Already the owner of coal-fired power plants and magazines (Marianne, Elle, Télé 7 jours, etc.), he is negotiating the takeover of Editis from Vivendi and recently became the leading shareholder of Fnac Darty.
Last week, Daniel Kretinsky, who already owns 10% of Casino without being represented on its board of directors, wrote to Jean-Charles Naouri to offer him to subscribe to a capital increase of the distributor, known for its brands. Giant, Monoprix, Naturalia and Franprix.
For the occasion, Daniel Kretinsky teamed up with Marc Ladreit de Lacharrière.
This close friend of Jean-Charles Naouri holds, via his company Fimalac, 2.6% of Casino…
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