Shares in Casino Guichard-Perrachon SA (CO.FR) rose Thursday after the French retailer said that Czech businessman Daniel Kretinsky and his partner Patrik Tkac acquired a 4.63% stake through their investment firm Vesa Equity Investment Sarl.
"This acquisition of a stake in Casino Guichard-Perrachon reflects our conviction that it is the best-positioned retail group on the French market and one of the European leaders best placed to respond to the profound sector transformations," Mr. Kretinsky said.
Casino shares rose on the news, trading 5.0% higher at EUR43.05 at 0832 GMT
Reuters