(Bloomberg) Czech billionaire Daniel Kretinsky is set to take control of Casino Guichard Perrachon SA after a trio of French businessmen led by telecommunications investor Xavier Niel pulled out of the race for the troubled grocer. Most Read from BloombergDollar’s Busted Bull Run Has Bears Calling End of an EraSingapore House Speaker Resigns in New Blow to Ruling PartyRussia Derails Danone, Carlsberg Exits by Seizing AssetsIsrael Quietly Embeds AI Systems in Deadly Military OperationsUPS Unio
(Bloomberg) Casino Guichard-Perrachon SA said it’s weighing a French-led plan to rescue the grocer against a rival offer championed by a Czech billionaire that proposes a bigger equity injection.Most Read from BloombergXi’s Metal Curbs Risk Backfiring as G-7 Seeks China AlternativeLazard Fires Senior Banker for Inappropriate Behavior at PartyChina Restricts Export of Chipmaking Metals in Clash With USRussian General Still Missing as Defense Chief Slams MutinyOdey’s Hedge Fund Empire Is Disint
(Bloomberg) Casino Guichard-Perrachon SA said it will need an equity boost of €900 million ($981 million) or more and the conversion of its unsecured debt into stock as the French retailer hammers out a restructuring plan.Most Read from BloombergRussia Latest: Zelenskiy Adviser Says Wagner Remains in UkraineSilence Cloaks Kremlin After Russian Mutiny Against PutinPutin Faces Historic Threat to Absolute Grip on Power in RussiaPrigozhin Turns Forces Back in Deal With Kremlin to Drop ChargesGold