US EditionDaniel Kretinsky Seeks to Strengthen Grip on Casino - RetailDetail EU
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The distributor, whose Czech businessman is the main shareholder, launched on Monday a new round of negotiations with its creditors, aimed at reducing its debt. It remains under the threat of disputes inherited from the past.
The Casino Group is starting new negotiations with its creditors to restructure its debt. Its main shareholder, Daniel Kretinsky, says he is ready to inject 300 million euros, aimed at reducing the debt and securing the future of the distributor.
The group will not be able to repay its debt of 1.4 billion euros in March 2027. The Czech businessman and main shareholder is ready to reinject 300 million euros in exchange for a reduction of 600 million euros in debt.
In Béziers, in the south of France, on April 3, 2025. GABRIEL BOUYS/AFP Nearly two years after the takeover of Casino (Monoprix, Franprix, Naturalia, CDiscount...) by the Czech billionaire Daniel Kretinsky and his allies, the distributor is still under too large a debt. To remedy this, the group launched, on Monday 24 November, a new round of negotiations with its creditors in order to ask them for an additional sacrifice.
The French distribution group Casino Guichard, matrix of supermarkets like Spar, aspires to reduce its debt by 42.9%, from 1.4 billion euros to 800 million, after having secured a capital injection of 300 million euros by its majority shareholder under the plan ‘Renouveau 2030’. [...] The entry Casino Guichard aspires to reduce its debt by 43% after securing an injection of capital by Daniel Kretínsky appears first in Forbes Spain.
Freed from the Casino group, the listed land is considering a new phase of expansion in France and Europe, explains its managing director, Vincent Ravat, to the agency Agefi-Dow Jones.
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