![]() ![]() It said it planned to analyse EP Global Commerce's proposal over the coming weeks, while also continuing discussions with Teract and Groupement Les Mousquetaires. "In both cases the debt would be removed, significantly improving the balance sheet of Casino," the source said.Ĭasino said it was considering asking for a court-appointed conciliator to oversee discussions with bank creditors and bondholders over the two potential deals. Under the deal debt would be converted into equity or reimbursed at a discount. One of the sources close to the matter said Kretinsky's proposal would require an agreement with Casino creditors behind 3.6 billion euros worth of unsecured debt. The proposal would include cash repurchases of Casino's debt, converting it into equity, potentially leading to a change of control and a dilution of existing shareholders, Casino said. Two sources close to the matter said the capital increase would give Kretinsky, already Casino's second biggest shareholder with around 10%, a more than 40% stake. Play the best slot machines, compete in leagues and join clubs Put on your top hat, and go on a quest to become one (a Billionaire, not a casino) yourself Help two awesome cops restore order in the city in this awesome match 3 puzzle game combined with a blast. Casino's other existing shareholders would take a further 200 million euros. Join the world’s biggest casino community with SLOTS HUUUGE CASINO. 3 shareholder Fimalac, the holding of billionaire Marc Ladreit de Lacharriere, would buy into a share sale of up to 150 million euros. ![]() Under the deal, Kretinsky's entity would subscribe to a reserved capital increase of up to 750 million euros, while No.
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