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Czech News in English » Business » Czech businessman Kretinsky tightens tie with France's Casino in Rallye deal

Czech businessman Kretinsky tightens tie with France’s Casino in Rallye deal

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Czech businessman Daniel Kretinsky has tightened his ties with French retailer Casino by refinancing derivatives deals struck by its indebted parent Rallye. Kretinsky, already the owner of 5.64% of Casino’s capital, will provide up to 233 million euros through his EP Investment vehicle to refund derivatives deals Rallye had sealed with financial institutions, Rallye said in a statement.

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