Casino Group Completes Review of Financial Restructuring Proposals

11:58 PM EDT, 07/12/2026 (MT Newswires) -- Casino Guichard-Perrachon (CO.PA) completed a review of the binding financial restructuring proposals received from Term Loan B, or TLB, lenders and its reference shareholder. The France-based retailer said in a July 10 release that its board conditionally approved the proposal made by its shareholder, subject to improved terms of the TLB creditors' security package and the banks waiving a condition requiring approval from two-thirds of the TLB creditors to amend the safeguard plan. Casino Group said the banks will present the matters to their respective credit committees, with a decision expected by July 20. Subject to the Directors' approval, the company plans to commence the procedure to amend the safeguard plan by the end of July, with a view to implementing measures to adapt and bolster its financial structure by the end of the second half of 2026.