InVivo says Casino-Teract talks continue despite Kretinsky offer

Teract SA

24/04/2023 09:14

PARIS, April 24 (Reuters) - Agri-food cooperative group
InVivo, the main shareholder of Teract  TRACT.PA , said it will
pursue talks on a French retail tie-up between Casino  CASP.PA 
and Teract despite a rival offer from Czech investor Daniel
Kretinsky.
    InVivo took note of Kretinsky's offer for Casino but will
continue talks under an exclusivity period between Casino and
Teract, which has been extended until early June, InVivo Chief
Executive Thierry Blandinieres told Reuters.

 (Reporting by Gus Trompiz
Editing by David Goodman)
 ((gus.trompiz@thomsonreuters.com; +33 1 49 49 52 18; Reuters
Messaging: gus.trompiz.thomsonreuters.com@reuters.net))