Casino Group Seeks to Stabilize Financial Structure

Casino Group has initiated conciliation proceedings to solidify its financial framework, involving several entities within the Group. The process aims to create a unified structure that will ease the formalization of a comprehensive agreement with financial creditors. To this end, the Group has requested the President of the Paris Economic Activities Court to open conciliation proceedings for several of its subsidiaries, potentially extending this period from four to five months.

SCP BTSG (Maître Marc Sénéchal) and SCP CBF Associés (Maître Lou Fréchard) are being considered as conciliators for certain entities and Quatrim, respectively. The Group plans to obtain consent from Quatrim’s bondholders for proceeding with Monoprix SAS and Quatrim, which serve as borrower and guarantor.

This step aligns with earlier proceedings from March, affecting only the financial debt, with operations and employment remaining unaffected.