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☆ How Hamas likely used rudimentary drones to 'blind and deafen' Israel's border and pave the way for its onslaught
▼ + stars: | 2023-10-10 | by ( Mia Jankowicz | ) www.businessinsider.com time to read: +5 min

Hamas has shared drone footage, saying it used drones in its attack on Israel over the weekend. AdvertisementAdvertisementVideos circulated by Hamas suggest that a fleet of simple drones helped pave the way for its massive, deadly onslaught in Israel over the weekend. But experts, along with Hamas' own allies, have suggested that they were deployed early to help the militants cross the border. AdvertisementAdvertisementGaza |Hamas published footage showing their aerial attack on a merkava tank near the border, all soldiers inside were eliminated. IRNA shared an apparent training video of the rudimentary, fixed-wing Zouari drone.

Persons: —, Libby Weiss, James Patton Rogers, Patton Rogers, Israel, DroneSec, TIW0IibtZ4 — Younis Tirawi, IRNA, Mohamed Zouari, Al, Zawari, jerry, He's, Bernard Hudson Organizations: Service, Cornell University, CIA Locations: Israel, Ukraine, Gaza, Al Jazeera

☆ Hamas deployed specialised units to attack Israel, says source
▼ + stars: | 2023-10-09 | by ( ) www.reuters.com time to read: +3 min

Oct 9 (Reuters) - Palestinian Islamist group Hamas deployed a force of about 1,000 fighters to stage the most devastating attack on Israel in decades, organising them into specialised units, a source close to the group told Reuters. Some of the operations or training by the units were caught on videos released by Hamas and its armed wing the Izz el-Deen al-Qassam Brigades. Videos released by Hamas showed the unit, with badges carrying the name Air Force Falcon Squadron, in what appeared to be training for the assault. Videos issued by Hamas showed the fighters breaching the security fences, with the dim light and low sun suggesting it was at around the time as the rocket barrage. Hamas released a video showing what it described as drones called Zouari, saying they were the ones used to pave the way for the infiltration.

Persons: Deen al, paragliders, Samia Nakhoul, William Maclean, Edmund Blair Organizations: Hamas, Reuters, Brigades, AIRBORNE UNIT, Air Force Falcon Squadron, COMMANDO, UNIT, Thomson Locations: Israel, Israeli, Gaza, Dubai

It leaves Kretinsky, who submitted a revised offer over the weekend proposing the equity injection, as the only bidder. The cash injection plan would lead to a 4.7 billion-euro reduction in overall debt, Casino said. Casino is saddled with net debt of 6.4 billion euros and is teetering on the brink of default. The board meeting followed a separate meeting between Casino's creditors and CIRI - France's finance ministry body that helps distressed companies and their creditors draw up restructuring plans. Kretinsky and Ladreit de Lacharriere would control the investment vehicle behind the 1.2 billion-euro equity injection, a source said.

Persons: Daniel Kretinsky, Kretinsky's, Xavier Niel, Jean, Charles Naouri, Kretinsky, Niel, Matthieu Pigasse, Moez, Alexandre Zouari, Casino, Marc Ladreit de, Ladreit, Mathieu Rosemain, Mike Harrison, Rosalba O'Brien Organizations: Casino, 3F, Attestor, French, Monde, Fnac, Metro, Forbes, Thomson Locations: Czech, PARIS, French, Paris, Casino, Britain, France, Germany

☆ Czech billionaire Kretinsky closes in on Casino after 3F abandons bid
▼ + stars: | 2023-07-16 | by ( ) www.reuters.com time to read: +2 min

Kretinsky has been vying to take control of Casino against the 3F Holding group, led by telecoms entrepreneur Xavier Niel, investment banker Matthieu Pigasse and businessman Moez-Alexandre Zouari. The group is saddled with net debt of 6.4 billion euros ($7.1 billion) and is teetering on the brink of default. "Today, after months of work, 3F has decided to not submit an offer," 3F said in a statement. Along with Marc Ladreit de Lacharrière’s Fimalac, he would inject 1.2 billion euros ($1.35 billion) in equity to take a 53% stake in France's sixth-largest retailer. The bidders would also convert 4.9 billion euros of debt into equity.

Persons: Daniel Kretinsky, Kretinsky, Xavier Niel, Matthieu Pigasse, Moez, Alexandre Zouari, 3F's, Marc Ladreit de, Fimalac, Casino, John Irish, David Holmes, Emelia Organizations: Casino, 3F, Attestor, Financial, Global Commerce, Financial Times, Thomson Locations: Czech, France's, Casino

☆ Kretinsky to install former Metro and Lactalis exec at Casino if offer succeeds, Les Echos reports
▼ + stars: | 2023-07-09 | by ( ) www.reuters.com time to read: +1 min

PARIS, July 9 (Reuters) - Czech billionaire Daniel Kretinsky and his partners are prepared to hire former Metro (B4B.DE) and Lactalis executive Philippe Palazzi as the new boss of French supermarket chain Casino (CASP.PA), should their refinancing offer for the debt-laden company succeed, Les Echos reported on Sunday. Kretinsky could not immediately be reached for comment outside working hours. Kretinsky's offer is valid until Monday. It faces a rivalling offer led by telecoms maverick Xavier Niel, investment banker Matthieu Pigasse and businessman Moez-Alexandre Zouari, which Casino said had also been extended to the same day. Reporting by Tassilo Hummel; Editing by Lisa ShumakerOur Standards: The Thomson Reuters Trust Principles.

Persons: Daniel Kretinsky, Philippe Palazzi, Les Echos, Kretinsky, Palazzi, Xavier Niel, Matthieu Pigasse, Moez, Alexandre Zouari, Tassilo Hummel, Lisa Shumaker Organizations: Metro, LinkedIn, Thomson Locations: Czech

The group will study this expression of interest and keep the market informed," Casino said in a statement on Wednesday. And the holding company through which Naouri controls Casino is also heavily indebted. Niel, Pigasse and Zouari said they would invest 200 million to 300 million euros themselves, with the rest coming from unspecified partners, including Casino creditors. The trio's proposal comes after Kretinsky, Casino's second-largest shareholder, offered in April to take control of the group through a 1.1 billion euro capital increase. A Casino spokesperson declined to comment beyond its statement on Wednesday or on behalf of Naouri.

Persons: Jean, Charles Naouri, Xavier Niel, Daniel Kretinsky, Casino, Kretinsky, Niel, Matthieu Pigasse, Moez, Alexandre Zouari, Clement Genelot, Garnier, Pigasse, Zouari, Casino's, Mathieu Rosemain, Chiara Elisei, Laura Lenkiewicz, Sudip Kar, Silvia Aloisi, Mark Potter, Alexander Smith Organizations: Casino, Monoprix, BNP, Credit Agricole, Carrefour, Reuters, France's, Naouri, Thomson Locations: PARIS, Czech, Natixis, Casino

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