PARIS, Oct 4 (Reuters) – Shares in French retailer Casino were suspended on Wednesday pending a statement, boosting speculation a final debt restructuring deal with creditors led by Czech billionaire Daniel Kretinsky to avert bankruptcy could be imminent. If you cherished this article and you also would like to be given more info pertaining to online casino jobs philippines kindly visit our own web site. Atomic weight or atomic mass used in stoichiometric calculations. The duration of The Casino is 2640.0 seconds. The Last Casino was created in 2004. The deal, which massively dilutes shareholders, would bring an end to the 30-year reign of Casino CEO and controlling shareholder Jean-Charles Naouri, 74, who controls Casino via his listed holding company Rallye.
Under the July agreement, 1.2 billion euros of new money would be injected into Casino and its 6.4 billion euros of debt would be restructured. A consortium led by Kretinsky would end up owning between 50.4% and 53% of Casino shares. In July, France’s sixth largest retailer reached an agreement in principle with a consortium led by Kretinsky’s company EPGC – alongside Casino’s biggest creditor Attestor, and second-biggest shareholder Fimalac – to restructure its 6.4 billion euros ($6.7 billion) debt pile.