The Paris commercial court approved this Monday the draft accelerated safeguard plan for Casino. The distributor signed an agreement in July providing for the restructuring of its debt and a change of shareholding by March/April 2.
In exchange for this massive reduction in debt, the buyers will take the reins of Casino and significantly reduce the number of stores. In France, 288 large stores, super and hypermarkets, will pass into the hands of Intermarché, Auchan, and Carrefour in three successive waves.