Casino shares suspended, news on debt deal expected soon

McEwan, 75, said writers should be able to express themselves freely without fear of reprisal – after classics by the likes of Roald Dahl and Ian Fleming were given the ’sensitivity’ treatment earlier this year. 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. 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. 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. If you treasured this article so you would like to obtain more info concerning xposed online casino nicely visit our page. 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.

Atonement author Ian McEwan has told aspiring young authors not to be afraid of offending readers with their writing amid a rise in the use of ’sensitivity readers’ to comb through books to remove sensitive material.

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