NEWSMAKER-Czech tycoon Kretinsky crashes close-knit French elite…

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    Kretinsky, who made his fortune in the energy sector with a string of high-stakes purchases and now owns a house near the Elysee Palace in Paris, is also in talks to become the biggest shareholder in French IT consulting firm Atos. He is also facing political headwinds in his quest to buy Atos’ legacy operations in France and failed to win the auction for German utility Steag earlier this year, sources with knowledge with the situation said.

    EPH reported earnings before interest, tax, depreciation and amortisation of 4.3 billion euros for 2022. Companies under Kretinsky’s control or joint control had core operating profits (EBITDA) of more than 9 billion euros last year and assets of more than 80 billion euros, an EPH spokesperson said. Casino, which was brought to the verge of default after years of debt-fuelled deals and recent losses in market share to rival supermarket groups, said the binding agreement was reached with the consortium led by Kretinsky’s company EPGC – alongside Casino’s biggest creditor Attestor, and second-biggest shareholder Fimalac, and along with secured creditors while discussions with unsecured creditors continue.

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