Casino Said to Discuss Merger of French Retail Arm With Teract

Casino Guichard-Perrachon SA is exploring a potential multibillion-dollar combination of its French retail operations with Teract SA, a challenger backed by billionaire Xavier Niel, people familiar with the matter said.

Paris-listed Casino is in preliminary talks about a potential deal with Teract, the people said, asking not to be identified because the information is private. It plans to seek a majority stake in the combined business, according to one of the people.