Casino – Teract: Intermarché is joining the fray

Featured image of the article Casino – Teract: Intermarché is joining the fray

An article by Sophie Baqué

Publication

25 April 2023 à 17h25

Updated on 2 May 2023 à 14h06

Reading time

4 minutes

Publication: 25 April 2023 à 17h25, Updated on 2 May 2023 à 14h06

Reading time: 4 minutes

Interrupting a proposed merger between Casino and Teract, Intermarché is joining the fray. The firm wants to take over about 100 Casino French supermarkets to gain 0.7% market share. This is dismantling for the Casino group.

An article by Sophie Baqué

Publication

25 April 2023 à 17h25

Updated on 2 May 2023 à 14h06

Reading time

4 minutes

Publication: 25 April 2023 à 17h25, Updated on 2 May 2023 à 14h06

Reading time: 4 minutes

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A week before publication of the Q1 results, the exit options are becoming clearer for Casino (2022 turnover of €33.6 billion), which is plunged into a debt crisis (€6.4 billion) exacerbated by the rise in interest rates and a grocery business weakened by inflation. The group has to repay €1.2 billion of debt maturing in 2024 and €1.8 billion in 2025.

On 24th April, Intermarché announced that it was joining the planned merger between Casino France and the listed group Teract (Jardiland, Gamm Ver

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Featured image of the article Sophie Baqué

Sophie Baqué

Featured image of the article Sophie Baqué

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