Casino gets banking approval for Kretinsky finance deal

French grocery retailer Casino said its bank creditors had approved conditions supporting a second financial restructuring. The group will proceed with plans based on majority shareholder France Retail Holdings’ proposal, including stronger security for Term Loan B lenders and revised bank financing terms. Casino aims to launch amendments to its safeguard plans and complete the restructuring by the end of H2 2026, with substantial dilution expected for existing shareholders. (LSA)