Casino – Teract: Intermarché is joining the fray

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.

Through Sophie Baqué. Published on 02 May 2023 à 11h29 - Update on 02 May 2023 à 14h06

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,…