The Casino group, plagued by debt problems and which had announced in April to study the possibility of opening a conciliation procedure with its creditors, will "extend the consultation period" prior until May 23 at 17:00, according to a statement Tuesday.
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"The final decision to request the opening of a conciliation procedure remains subject to the approval of the board of directors of Casino," says the group, indebted to the tune of 6.4 billion euros at the end of 2022, to which are added more than three billion in debt for the parent company of the group, Rallye.
