Casino and Teract have announced that Intermarche has joined the tie-up talks. The plan includes extending the existing purchasing alliance until 2028, transferring several points of sale from the Casino perimeter to Intermarche and investing around €300m in the new entity. Moreover, the Czech investor Daniel Kretinsky has also proposed subscribing to a capital increase in Casino worth an aggregate of €1.1bn. We would not be surprised were Casino to prefer to stick with Teract, unless a sweeter ....
