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Vesa Equity raises stake in French retailer Casino to 5.64%

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Vesa Equity raises stake in French retailer Casino to 5.64%

Casino Guichard-Perrachon SA said Jan. 20 private equity firm Vesa Equity Investment SARL increased its shareholding in the company to 5.64%.

In September 2019, investors Daniel Křetínský and Patrik Tkáč-owned Vesa Equity disclosed a 4.63% stake in the French retailer.

Casino previously set a target of €2 billion worth of new asset disposals in France by the end of the first quarter of 2021.

As proposed earlier, Casino Chairman and CEO Jean-Charles Naouri said he will suggest appointing a Vesa Equity representative to the company's board at the group's next general meeting.

Křetínský and Tkáč also own a 29.99% stake in Metro AG and a 40% stake in the Mall Group.