Shares in ailing supermarket group Casino will be suspended from 08h00 GMT on March 27 and until further notice at the request of the company, and pending the release of a statement, stock market operator Euronext said.

France's seventh-largest supermarket group by market share, was brought to the verge of default after years of debt-fueled acquisitions and recent losses in market share to rivals.

Casino stock closed at 0.1069 euros on Tuesday, having lost 86% so far this year.

(Reporting by Dominique Vidalon; Editing by GV De Clercq)