Casino receives antitrust approval for acquisition by Kretinsky-led consortium.

Casino Guichard-Perrachon announced that it has obtained antitrust approvals in various regions for a takeover by a group led by Czech billionaire Daniel Kretinsky.

Approvals came from the European Commission. The Luxembourg Insurance Authority also approved a change in control for Casino RE, the reinsurance subsidiary.

The completion of Casino financial restructuring is pending approval of safeguard plans, including Monoprix, by the Paris Commercial Court.