Investor made an offer to subscribe to a capital increase for up to €750 million ($824m) a move that could lead to a change of control of the debt-laden group.
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France’s Casino Guichard-Perrachon SA FR:CO said Monday that an investor has made an offer to subscribe to a capital increase for up to 750 million euros ($824.4 million,) a move that could lead to a change of control of the debt-laden group and a “very significant” dilution of existing shareholdings.
The offer was made by EP Global Commerce, a company controlled by Czech billionaire Daniel Kretinsky, whose Vesa Equity Investment holds a stake of around 10% in Casino.
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