InVivo to drop plans to invest in Teract-Casino retail France tie up - La Lettre A

Teract SA

08/06/2023 12:19

PARIS, June 8 (Reuters) - Agri-food cooperative InVivo,
the majority shareholder of  French retailer Teract  TRACT.PA ,
is dropping plans to invest in a possible tie up of Teract with
the French retail business of debt-laden supermarket chain
Casino  CASP.PA , financial newsletter "La Lettre A" said on
Thursday.
    Casino, Teract and InVivo declined comment.
    Teract has been in exclusive talks since March to combine
with the French retail business of Casino.
    The exclusivity period for the talks expires on June 8 and
Teract has said it will issue a statement on Thursday evening.

 (Reporting by Dominique Vidalon; Editing by Benoit Van
Overstraeten)
 ((dominique.vidalon@thomsonreuters.com; +33149495432; Reuters
Messaging: dominique.vidalon.reuters.com@reuters.net))