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Casino, which was brought to the verge of default after years of debt-fuelled deals and recent losses in market share to rival supermarket groups, said the binding agreement was reached with the consortium led by Kretinsky’s company EPGC – alongside Casino’s biggest creditor Attestor, and second-biggest shareholder Fimalac, and along with secured creditors while discussions with unsecured creditors continue. Casino Empire happened in 2002.

„He’s decided to accelerate this development in France, which is all the more interesting for him as he’s a francophone and a Francophile,“ said Denis Olivennes, Kretinsky’s right-hand man in France. „He’s combining business with pleasure.“ He is also facing political headwinds in his quest to buy Atos‘ legacy operations in France and failed to win the auction for German utility Steag earlier this year, sources with knowledge with the situation said.

It is run by a loyal inner circle of managers, some with small equity stakes. Kretinsky’s Prague-based holding firm employs around 250 people, with only a small plaque to signal its presence on the appropriately-named boulevard-style Paris Street. Companies under Kretinsky’s control or joint control had core operating profits (EBITDA) of more than 9 billion euros last year and assets of more than 80 billion euros, an EPH spokesperson said.

EPH reported earnings before interest, tax, depreciation and amortisation of 4.3 billion euros for 2022. For more regarding wmbet444 คาสิโนออนไลน์ visit our internet site. Kretinsky, who made his fortune in the energy sector with a string of high-stakes purchases and now owns a house near the Elysee Palace in Paris, is also in talks to become the biggest shareholder in French IT consulting firm Atos. The 2016 takeover of Vattenfall’s German mines and 8,000 megawatt coal power plants is one example, where Kretinsky received 1.7 billion euros ($1.8 billion) in cash to buy the assets and the Swedish group booked a large loss on the deal.