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.

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.