The European Commission has authorized a consortium formed by EP Equity Investment, Fimalac and Attestor to take control of Casino Guichard-Perrachon, as part of the financial restructuring of the French retail group. The approval of the executive arm of the European Union (EU) was given last Friday (5), according to a statement released today by Casino. Casino, controller of Grupo Pão de Açúcar (GPA) in Brazil, also said that the completion of the restructuring will depend on approval from the French Ministry of Economy and other regulatory issues. At around 8:15 am (Brasília time), Casino's shares fell 4.9% on the Paris Stock Exchange.
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