Deals

Casino Discussing Merger of French Retail Arm With Teract

A Casino supermarket, operated by Casino Guichard Perrachon SA, in Marseille, France.
Photographer: Theo Giacometti/Bloomberg

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By Francois De Beaupuy

February 1, 2023 at 1:01 PM EST

Updated on

February 2, 2023 at 3:20 AM EST

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Casino Guichard-Perrachon SA and Teract SA, a challenger backed by billionaire Xavier Niel, said they are in talks to combine their French retail operations, confirming an earlier Bloomberg News report.

Teract shares rose as much as 6.8% Thursday morning, while Casino gained as much as 4%.

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