Shares in French supermarket company Casino to resume trading on May 26

Teract SA

25/05/2023 17:30

PARIS, May 25 (Reuters) - The shares of debt-ridden
French supermarket company Casino  CASP.PA  will resume trading
on May 26 after being suspended earlier this week, stock market
operator Euronext said on Thursday.
    Euronext said the shares would resume trading at 0700 GMT on
Friday.
    Two sources close to the matter said this week that Casino -
which is controlled by entrepreneur Jean-Charles Naouri's
holding company Rallye  GENC.PA  - is looking to start official
talks with creditors as it seeks a way out of its financial woes
while weighing up two tie-up bids.
    Czech billionaire Daniel Kretinsky, Casino's second-biggest
shareholder, has offered to take control of Casino through a 1.1
billion euro ($1.2 billion) capital increase, challenging a
proposed tie-up between Casino and smaller retailer Teract
 TRACT.PA .
    
    ($1 = 0.9084 euros)

 (Reporting by Sudip Kar-Gupta and Piotr Lipinski; Editing by
Kirsten Donovan)
 ((sudip.kargupta@thomsonreuters.com; +33 1 49 49 53 84;))