French retailer Casino, Guichard-Perrachon S.A. (ENXTPA:CO) has attracted two separate equity investment proposals to strengthen the debt-burdened group's capital, including an increased offer from an investment vehicle controlled by Czech billionaire Daniel Kretinsky and another one from a consortium of three French business executives. Kretinsky’s EP Global Commerce A.S. in partnership with Marc Ladreit de Lacharrisre’s holding company Fimalac is offering EUR 1.35 billion (USD 1.46bn) in cash. Kretinsky in April announced he was seeking to invest EUR 1.1 billion in a deal that could potentially result in a change of control at the indebted French retailer.

The other offer comes from investment vehicle 3F holding which is led by telecommunications entrepreneur Xavier Niel, investment banker Matthieu Pigasse and businessman Moez-Alexandre Zouari. Ite envisages an investment of EUR 900 million. The two proposals will be analysed and presented to the ad hoc committee of Casino's board as well as to the company’s creditors, the French firm said.

In any event, the current shareholders will be massively diluted and Casino'c CEO and chairman Jean-Charles Naouri’s listed holding company Rallye SA will no longer control Casino, the statement said further.