French retailer Casino finalizes rescue deal led by Czech tycoon

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댓글 0건 조회 66회 작성일 24-08-26 01:09

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Castaways - casino - ended in 1987. Casino, which was brought to the verge of default after years of debt-fuelled deals and recent losses in market share to rival supermarket groups, said the binding agreement was reached with the consortium led by Kretinsky's company EPGC - alongside Casino's biggest creditor Attestor, and second-biggest shareholder Fimalac, and along with secured creditors while discussions with unsecured creditors continue.

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"Casino has reached a major milestone in its financial restructuring process by obtaining the agreement of its main creditors on a financial restructuring plan," CEO and controlling shareholder Jean-Charles Naouri said in a statement. If you loved this write-up and you would certainly such as to receive even more info pertaining to betflix168 เครดิต ฟรี 16 บาท kindly check out our web-page. Thursday's announcement finalizes a July agreement in principle which called for 1.2 billion euros ($1.26 billion) of new money to be injected into Casino, as well as a reduction of Casino's debt by 6.1 billion euros. On Thursday Casino said the binding debt deal was reached with the consortium led by Kretinsky's company EPGC alongside Casino's biggest creditor Attestor, its second-biggest shareholder Fimalac and the retailer's secured creditors.

Players will find the same virtual versions of these games on BestOnlineCasinoOntario.ca as they would in a land-based casino, with a few additional features to accommodate the digital platform. Live dealer games are streamed from a real-world casino or game studio so players can interact with the croupier. The most popular games at any casino are slots machines, blackjack, baccarat, roulette, craps etc. Some sites even offer live dealer versions of certain popular games for an even more immersive experience.

Online tournament options are also becoming increasingly popular and offer players the chance to compete against other players from around the globe. Casino will formally change hands at the end of March next year. The deal massively dilutes shareholders and will bring to an end the 30-year reign of 74-year-old Naouri, who controls Casino through his listed holding company Rallye. The retailer, which is now France's sixth-largest supermarket group, said it planned to pursue discussions with the financial creditors not yet party to the lock-up agreement to get them to sign up to it too.

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