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Casino takeover: InVivo and Teract throw in the towel

2023-06-08T17:32:55.120Z

Highlights: Teract and Casino have officially announced that they are not pursuing the merger project discussed for months. Crushed by the weight of its debt, Casino still has no buyer. The three co-founders of Teract, the founder of Free Xavier Niel, the investment banker Matthieu Pigasse and the distribution specialist Moez-Alexandre Zouari announced "on their behalf" in a separate statement that they wanted to "bring out a sustainable industrial and financial solution" for Casino.


Teract and Casino have officially announced that they are not pursuing the merger project discussed for months.


Crushed by the weight of its debt, Casino still has no buyer. The struggling distribution group and the Teract group (Gamm Vert, Jardiland, Boulangeries Louise brands), which had been discussing for months the terms of a merger, officially decided on Thursday "not to pursue them", having on the table only a "potential operational partnership" on the bakery.

For their part, the three co-founders of Teract, the founder of Free Xavier Niel, the investment banker Matthieu Pigasse and the distribution specialist Moez-Alexandre Zouari announced "on their behalf" in a separate statement that they wanted to "bring out a sustainable industrial and financial solution" for Casino, crushed by the weight of its debt.

>> More info to follow.

Source: leparis

All business articles on 2023-06-08

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