Daniel Kretinsky seeks to strengthen grip on Casino

French retail group Casino is negotiating with its creditors over a sum of 1.4 billion euros. Czech billionaire Daniel Kretinsky is counting on the cooperation of creditors to increase his stake in the group.

Rescue plan

Between now and March 2027, the Casino group must repay €1.4 billion to its creditors, including French banks and Anglo-Saxon investment funds. Obviously, the retailer does not have that kind of money in its account. Shareholders France Retail Holdings (FRH), an investment fund owned by Czech billionaire Daniel Kretinsky, and Fimalac, the holding company of French investor Marc Ladreit de Lacharrière, have therefore entered into new negotiations with the creditors.