on CASINO GUICHARD PERRACHON (EPA:CO)
Casino Group Announces Court Approval for FRH's Grace Period Extension in Acquisition
Casino Guichard-Perrachon S.A. communicated a significant development regarding France Retail Holdings S.à.r.l. (FRH), managed by Daniel Křetínský. On 25 April 2024, FRH was granted a thirty-day extension by the Enterprise Chamber of the Amsterdam Court of Appeal. This extension, under the Dutch Financial Supervision Act, relates to FRH's acquisition of predominant control over Cnova N.V. following the financial restructuring of Casino Group announced last March.
The judgment allows FRH additional time to manage its new regulatory requirements stemming from this major transaction. This extension is part of ongoing compliance efforts following Casino Group's restructuring efforts initiated to consolidate its financial position and streamline operations.
R. E.
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