FRANCE/NETHERLANDS: Laurus, Casino finalise €950m rescue deal
Following weeks of delays and hiccups, struggling Dutch supermarket group Laurus, French retailer Casino and three large Dutch banks have finally agreed a €950m (US$901m) credit facility for Laurus, ahead of a €400m rescue plan. The lifeline deal with banks ABN AMRO , ING and Rabobank, also contains an extra €250m facility for Laurus' struggling stores in Spain and Belgium, which will be responsible for repayment and interest.
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