(Refiles to remove extraneous word in second paragraph)
PARIS, March 10 (Reuters) - Agribusiness cooperative
InVivo wants to have the possibility in the medium term to take
control of a French retail grouping being negotiated between
Casino and Teract , InVivo Chief Executive
Thierry Blandinieres said on Friday.
Debt-laden supermarket chain Casino and smaller food
retailer Teract, which is majority owned by InVivo, have entered
exclusive talks aimed at creating a retail network controlled by
Casino and a food business controlled by InVivo.
"We're taking a minority stake but we could become the
majority owner in future," Blandinieres said of the potential
retail tie-up between Casino and Teract.
"It would be a potential option in a three to five year
timeline," he told Reuters.
Asked if having a possibility to obtain a majority stake
was a condition for InVivo in reaching an agreement with Casino,
he said: "yes".
(Reporting by Gus Trompiz and Sybille de La Hamaide, Editing by
Louise Heavens)
Messaging: gus.trompiz.thomsonreuters.com@reuters.net))
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