French retailers Teract and Casino end exclusive tie-up talks

Teract SA

08/06/2023 17:05

PARIS, June 8 (Reuters) - French retailers Teract
 TRACT.PA  and Casino  CASP.PA  have decided by mutual agreement
to end exclusive talks to combine their retail activities in
France, debt-laden supermarket chain Casino said on Thursday.
    Teract and Casino had been in exclusive talks since March,
with the deadline for the talks expiring on June 8.
    Casino and Teract, however, remain open to discussions on a
potential commercial partnership, which could cover baked goods
including viennoiseries and other pastries and a contract to
develop fruit and vegetable channels, Casino's statement said.

 (Reporting by Dominique Vidalon;
Editing by Silvia Aloisi/Sudip Kar-Gupta)
 ((dominique.vidalon@thomsonreuters.com; +33149495432; Reuters
Messaging: dominique.vidalon.reuters.com@reuters.net))