Casino up after media reports say Auchan owner reached out to Kretinsky

Teract SA

12/06/2023 14:56

** Shares in Casino  CASP.PA  jump more than 10% after
French media reports peers are observing Czech billionaire
Daniel Kretinsky's attempt to gain control of the food retailer
and that owners of Auchan have reached out to him
    ** Analyst Cedric Lecasble from Stifel Europe says Monday's
share move might be linked to an article from Les Echos
    ** Newspapers Les Echos and Le Figaro on Friday reported the
Mulliez family, which owns retail group Auchan, approached
Kretinsky to discuss a "commercial project" if his bid proves
successful
    ** French paper La Lettre A wrote on Monday that Alexandre
Bompard, the CEO of Carrefour  CARR.PA , is also monitoring the
situation closely
    ** Radio channel Franceinfo on Monday reported Casino would
later the same day present to its employees a list of
supermarkets it would sell to Intermarche; as of 1325 GMT, there
was no news on this
    ** Casino, Carrefour and Intermarche declined to comment
when contacted by Reuters, Auchan was not immediately available
for comment
    ** Casino in recent months has been subject to multiple M&A
offers, including from French retailer Teract  TRACT.PA , a trio
of French businessmen, and Kretinsky
    ** Casino tops France's SBF 120 index  .SBF 
    ** Shares of Rallye  GENC.PA , a holding company owned by
the Casino group, surge 110%

 (Reporting by Gaëlle Sheehan, Laura Lenkiewicz and Michal
Aleksandrowicz)
 ((gaelle.sheehan@thomsonreuters.com; +48 58 7785110))