PARIS, July 11 Reuters Rival bidders seeking to take over struggling French retailer Casino will present on Tuesday their respective plans to rescue the group, two sources close to the matter said.

Czech billionaire Daniel Kretinsky is vying against a consortium led by telecoms entrepreneur Xavier Niel, investment banker Matthieu Pigasse and businessman MoezAlexandre Zouari to take control of Casino, which is saddled with net debt of 6.4 billion euros 7 billion and teetering on the brink of default.

Both camps will make presentations to Casino39;s management, courtappointed mediators and government officials at a meeting hosted by the French finance ministry, the sources said.

They will detail their plans on issues including pricing strategy, the future of the group39;s stores, sales and profitability goals, the sources said.

After the meeting, the mediators who are overseeing negotiations with Casino39;s creditors are likely to set a deadline for the rival bidders to submit their final offers, one of the sources said.

The finance ministry confirmed a meeting about Casino would take place on Tuesday without elaborating further.

Kretinsky is leading a 1.35 billioneuro investment plan to rescue Casino, dwarfing a proposal put forward by 3F, the holding led Niel, Pigasse and MoezAlexandre Zouari.

The proposed cash injections are however only the first step in Casino39;s wideranging restructuring plan, which it has said will require a deal with debt holders within a…