Czech billionaire Daniel Kretinsky and his partners are prepared to hire former Metro and Lactalis executive Philippe Palazzi as the new boss of French supermarket chain Casino , should their refinancing offer for the debt-laden company succeed, Les Echos reported on Sunday.
Kretinsky could not immediately be reached for comment outside working hours. Palazzi did not immediately respond to a message sent via LinkedIn.
Casino's management and court-appointed mediators have set a July 27 deadline to enter an agreement in principle on the terms of the financial restructuring. Kretinsky's offer is valid until Monday. It faces a rivalling offer led by telecoms maverick Xavier Niel, investment banker Matthieu Pigasse and businessman Moez-Alexandre Zouari, which Casino said had also been extended to the same day.
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