CDS panel asked whether bankruptcy credit event occurred for Casino
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LONDON, May 30 (Reuters) - An investor has raised a question with a CDS panel on whether a bankruptcy credit event has occurred in respect to Casino Guichard Perrachon, potentially starting the process for a payout on the company's credit default swaps.
The French retailer announced on Friday it entered court-backed talks with creditors.
The derivatives committee has not yet consented to accept the question, the statement added, which is a first step in the process to determine whether the credit event had occurred. (Reporting by Chiara Elisei, editing by Karin Strohecker)
