Casino Guichard Perrachon (EU:CO)
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2 ans : De Fév 2018 à Fév 2020
By Cristina Roca
Casino Guichard-Perrachon SA (CO.FR) said Friday that it agreed to sell a number of its stores for a total of 42 million euros ($47.4 million).
French supermarket chain said it will sell 17 of its stores to German discount supermarket Lidl and one hypermarket to a Leclerc member.
Casino franchisees, which are 49% owned by Casino, have also signed an agreement to sell 16 stores to Lidl, the retailer said.
The sales are part of Casino's strategy to divest loss-making stores, the company said, and the disposals should be completed during the first half of this year.
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(END) Dow Jones Newswires
February 15, 2019 02:39 ET (07:39 GMT)
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