Casino receives offers to strengthen capital base after warning of default risk
By Mauro Orru Casino Guichard-Perrachon said it has received two proposals to strengthen its capital base, a day after the group warned it could default on part of its debt.
Casino has for months been grappling with high debt and has entered talks with creditors to ensure it has enough funding available. Last week, the group said it was seeking to raise at least 900 million euros to deliver its midterm targets.
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