It seems that the Daniel Kretinsky-led consortium will be the new owner of Groupe Casino. The 3F group has abandoned its acquisition bid for the French grocer. It has cited the reason as ‘biased process’ and lack of detailed information about the retailers’ finances. The entity has also accused the secured creditor Attestor Capital of initially backing its offer but also simultaneously talking part in a competing offer, without informing 3F. Kretinsky has confirmed having submitted a revised bid ....
17 Jul 2023
3F abandons its bid
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
3F abandons its bid
- Published:
17 Jul 2023 -
Author:
Nishant Choudhary -
Pages:
3
It seems that the Daniel Kretinsky-led consortium will be the new owner of Groupe Casino. The 3F group has abandoned its acquisition bid for the French grocer. It has cited the reason as ‘biased process’ and lack of detailed information about the retailers’ finances. The entity has also accused the secured creditor Attestor Capital of initially backing its offer but also simultaneously talking part in a competing offer, without informing 3F. Kretinsky has confirmed having submitted a revised bid ....