French retailer Casino Guichard and Teract SA, a European leader in sustainable, alternative and responsible distribution are in talks to merge their French retail operations. Talks are in exploratory stages and no conclusion has been made, Casino Guichard noted. Sources said that the two companies may ultimately push with an IPO for the merged retail entity if the transaction takes place. Casino Guichard has a market cap of ~€1.2bn ($1.4bn) and Teract has a valuation of €474mn ($522mn).
Casino Guichard’s bonds were trading higher with its EUR 3.992% Perp up by 1 point to trade at 20.25.
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