Casino agrees with Auchan, Les Mousquetaires on sale of its big stores

Posted on by mickiel8643857

PARIS, Jan 24 (Reuters) – French retailer Casino on Wednesday said it had reached agreements with Auchan Retail and Intermarche parent company Groupement Les Mousquetaires on the sale of “almost all” of its hypermarkets and supermarkets.

It added that these agreements provide for the sale of 288 stores (and the service stations attached to these stores), based on an enterprise value of between 1.3 billion and 1.35 billion euros ($1.42 billion to 1.47 billion).

The disposals will take place in the second quarter of 2024, after consultation with unions, the company said.

The operation is set to leave Casino with upmarket brand Monoprix as well as Franprix, which also focuses on city-centre stores.

Casino also said Groupement Les Mousquetaires and Auchan have undertaken to take over the employment contracts of staff assigned to the transferred stores and service stations, and to maintain existing labour agreements for 15 months.

Les Mousquetaires (LM) and Auchan said in a joint statement that LM would take over 190 stores and Auchan 98 stores. They added that the operation would safeguard 12,000 jobs in the stores and would be finalised in the coming months.

In a separate statement, retailer Carrefour said it had started exclusive negotiations with Groupe Intermarche to acquire 31 stores which generated sales of around 400 million euros in 2022. It gave no detail on the price.

It added it had also committed to maintain all employees working in the stores and their social benefits for a minimum period of 15 months.

The restructuring of the debt-ridden French retailer by a consortium led by Czech billionaire Daniel Kretinsky will massively dilute current shareholders and will end the 30-year reign of Jean-Charles Naouri, who controls Casino through his listed holding company Rallye.

Kretinsky’s consortium will own and control 53.7% of Casino’s share capital under the deal, which calls for 1.2 billion euros of new money to be injected into Casino, as well as a 6.1 billion euro reduction of Casino’s debt.

Casino stock was suspended ahead of the statement. It closed at 0.6 euros on Tuesday, following a years-long slide that took it down from around 23 euros at the end of 2021 and 96 euros per share mid-2014. It traded as high as 114 euros at the end of 1999.

($1 = 0.9167 euros) (Reporting by Geert De Clercq, editing by Tassilo Hummel and David Evans)

Should you loved this article and you wish to receive details with regards to download casino roulette games please visit our web-site.

Answers about Casinos

Posted on by theresautley21

A casino without poker typically refers to a gambling establishment that doesn’t offer poker games among its offerings. While many casinos feature poker rooms o
Read more

Casinos

What kinds of games are available to play at Online Casino Tropez?

Asked by Wiki User

Online Casino Tropez offers a diverse range of games, including the Best Blackjack and Roulette Games Online. At KhelRaja, we provide a premium gaming experienc
Read more

Board Games

+1

What does it mean when dice is written over dice?

Asked by Wiki User

A pair of dice, or “paradise”.

If you have any sort of concerns concerning where and how you can utilize new slots game, you can contact us at our website.

Discovering the Best Online Casino Options in Ontario, Canada – Live Dealer Games, Slot Machines, Sports Betting and More! If you’re looking for the best online casino experience in Ontario, Canada, then look no further than bestonlinecasinoontario

Posted on by warnerewl996728

Discovering the Best Online Casino Options in Ontario, Canada – Live Dealer Games, Slot Machines, Sports Betting and More!

If you’re looking for the best online casino experience in Ontario, Canada, then look no further than bestonlinecasinoontario.ca. Here, you’ll find everything you need to know about online casinos, from the types of games available and the gaming commission to live dealer options and bonuses. Learn about the terms and conditions associated with playing at these online casinos, as well as information about slot machines and sports betting. You’re guaranteed an exciting and immersive experience as you explore all that bestonlinecasinoontario.ca has to offer!

Discovering the Best Online Casino Options in Ontario, Canada – Live Dealer Games, Slot Machines, Sp

What are the Options at BestOnlineCasinoOntario.ca?

Ontario has long been known for its abundance of casinos for visitors and residents alike. However, with the advancements in technology, many people have chosen to switch from land-based casinos to online betting and gaming. With the rise of online casinos in Ontario, Canada, players can now access a variety of casino games on the web. From popular slot machines and live dealer games to sports betting and more, online casinos in Ontario offer an immersive experience that is unmatched by land-based casinos.

Types of Games Available

Online casinos based in Ontario are regulated by a governing body such as the Gaming Commission of Ontario. This means that there is a great deal of diligence behind online casinos’ ability to provide customer service and support services as well as fair gaming opportunities with secure deposits and withdrawals. Players can also be sure that their data is protected and that their winnings are secure.

The most popular games at any casino are slots machines, blackjack, baccarat, roulette, craps etc. Players will find the same virtual versions of these games on BestOnlineCasinoOntario.ca as they would in a land-based casino, with a few additional features to accommodate the digital platform. Some sites even offer live dealer versions of certain popular games for an even more immersive experience. Live dealer games are streamed from a real-world casino or game studio so players can interact with the croupier. Online tournament options are also becoming increasingly popular and offer players the chance to compete against other players from around the globe.

Bonuses Offered by BestOnlineCasinoOntario.ca

One of the main advantages of playing at an online casino based in Ontario is that they often offer attractive bonuses to new and existing customers. These can include welcome bonus packages, loyalty programs and special promotions built around specific events or times of year. For example, many sites offer new players a welcome package consisting of a sign-up bonus as well as free spins or credits, with deposit bonuses available on subsequent deposits. Furthermore, most online casinos all offer loyalty programs which reward players for their ongoing activity on the site.

Multi-Platform Compatibility

In order to maximize their user experience and enjoy access to the latest casino games and bonuses, players can choose to play on multiple platforms. Desktop computers and laptops are the most common choice for online casino players, but many sites also offer mobile gaming options for those playing on a tablet or smartphone. Casino game apps are collected in app stores as well as on the casino website itself and provide access to a range of games, including virtual slots, live dealer games, and sports betting.

Terms and Conditions

Before signing up with BestOnlineCasinoOntario.ca, it’s important that players understand the terms and conditions associated with playing at such sites. Age restrictions vary from site to site, so players should ensure that they meet the minimum legal age to gamble online (19+). Wagering requirements must be met when it comes to claiming winnings from any kind of promotion or bonus offer from an online casino. Additionally, deposit methods also need to be approved by the online casino operator although most online casinos in Ontario will accept payments through debit card and credit card.

Online gambling is one of the more popular options for entertainment in Ontario in recent years and there is no shortage of opportunities for players in the province. With a variety of games available, bonuses and promotions to take advantage of and platforms on which to access these sites, online casinos in Ontario offer a great gaming experience with real money returns.

website Online Casino in Ontario – BestOnlineCasinoOntario.ca

For those who have almost any inquiries concerning wherever as well as how you can make use of online no deposit slots, it is possible to e mail us on our own page.

Answers about Casinos

Posted on by christopherglock

A casino without poker typically refers to a gambling establishment that doesn’t offer poker games among its offerings. While many casinos feature poker rooms o
Read more

Casinos

What kinds of games are available to play at Online Casino Tropez?

Asked by Wiki User

Online Casino Tropez offers a diverse range of games, including the Best Blackjack and Roulette Games Online. At KhelRaja, we provide a premium gaming experienc
Read more

Board Games

+1

What does it mean when dice is written over dice?

Asked by Wiki User

A pair of dice, or “paradise”.

When you loved this post and you wish to receive much more information concerning casino online android i implore you to visit our site.

Failing NHS trust blew £58,000 sending 14 staff on jolly to Las Vegas

Posted on by lea4692479817802

A failing NHS trust blew £58,000 sending 14 staff on a fact-finding jolly to Las Vegas – including a five-night stay in a casino hotel.

The Princess Alexandra Hospital NHS Trust is rated as ‘requires improvement’ by the care regulator and ended last year with a deficit of £13million.

But today it sought to defend the trip, which critics described as ‘obscenely expensive’ and a ‘slap in the face for taxpayers’.

The delegation flew to the States for a technology conference in September, where they watched demonstrations of a new patient record system the Trust plans to adopt.

They stayed at the prestigious New York New York hotel, which boasts its own roller coaster, casino game slot machines a replica of the Statue of Liberty and is located on the Las Vegas Strip.

The Princess Alexandra Hospital NHS Trust is rated as ‘requires improvement’ blew £58,000 sending 14 staff on a fact-finding jolly to Las Vegas – including a five-night stay in the prestigious New York New York casino hotel, which boasts its own roller coaster 

The Trust, which has 27,426 people on its waiting lists, said admission to the conference cost around £600 per person, with the remainder of the spend covering flights, hotel and food

One company that attended the expo revealed on social networking site LinkedIn that they were delighted to meet three staff from the Trust, who ‘fought the jet lag to explore the nightlife in Freemont Street, where life comes at you fast’.

Should you have any issues regarding where and also tips on how to work with best bonus casino no deposit bonus, you are able to call us with the site.

Answers about Casinos

Posted on by jere7374096532

A casino without poker typically refers to a gambling establishment that doesn’t offer poker games among its offerings. While many casinos feature poker rooms o
Read more

Casinos

What kinds of games are available to play at Online Casino Tropez?

Asked by Wiki User

Online Casino Tropez offers a diverse range of games, including the Best Blackjack and new online casino bonuses no deposit bonus Roulette Games Online. At KhelRaja, we provide a premium gaming experienc
Read more

Board Games

+1

What does it mean when dice is written over dice?

Asked by Wiki User

A pair of dice, or “paradise”.

If you adored this write-up and you would such as to get more information regarding best casino roulette online kindly check out the internet site.

Kretinsky-led consortium wins EU OK to take control of Casino

Posted on by partheniaowen

By Dominique Vidalon

PARIS, Jan 8 (Reuters) – A consortium led by Czech billionaire Daniel Kretinsky has won EU antitrust approval to take control of France’s debt-laden Casino, the supermarket operator said on Monday.

Current shareholders will be massively diluted under a restructuring deal which will end the 30-year reign of 74-year-old Jean-Charles Naouri, who controls Casino through his listed holding company Rallye.

Kretinsky’s consortium will own and control 53.7% of Casino’s share capital under the deal, which calls for 1.2 billion euros f new money to be injected into Casino, as well as a 6.1 billion euro reduction of Casino’s debt.

The plan requires additional regulatory approvals including authorisation from the French finance ministry under foreign investment rules, and a waiver from the stock market regulator to avoid starting formal public takeover proceedings.

NEW STRIKE NOTICE

Casino

said

on Dec. 18 it had also entered exclusive talks to sell all of its big stores in France — 313 hypermarkets and supermarkets — to retailers Les Mousquetaires and Auchan Retail.

Trade unions, who have said they fear Casino could be dismantled as the stores are sold, said on Monday they had decided to issue a new strike notice starting Jan. 9 and ending Feb 5.

This comes as Casino shareholders and creditors have until Jan. 11 to approve an accelerated protection procedure Casino had entered into in October 2023 to help finalise the deal to restructure its debt. In December that procedure extended by two months to Feb. 25.

(Reporting by Dominique Vidalon, writing by Tassilo Hummel; editing by Jason Neely)

Here’s more info about best android slots app check out our own web-page.

What are peek hours for online casinos?

Posted on by cbeshaunte

For online casino games there is no certain peak hours you will find players at any time.
Hence it is the online game people from different areas will be available in online at any time. To play casino games in online visit billstop24 at any time.

If you have any issues about where in addition to tips on how to employ casino games slots machine, you can call us in the web site.