La ligne téléphonique n’est pas disponible pour le moment.Pour toute demande veuillez envoyer un email a support@advfn.fr

Casino Guichard-Perrachon Reaches Deal to Sell 32 Properties in France

Date : 23/04/2019 @ 00h11
Source : Dow Jones News
Valeur : Casino Guichard (CO)
Cours : 31.7  -1.2 (-3.65%) @ 17h39
Casino Guichard Cours Graphique

Casino Guichard-Perrachon Reaches Deal to Sell 32 Properties in France

Casino Guichard (EU:CO)
Graphique Historique de l'Action

2 Mois : De Avr 2019 à Juin 2019

Plus de graphiques de la Bourse Casino Guichard

By Maria Armental

 

French supermarket company Casino Guichard-Perrachon SA agreed to sell 12 Géant Casino hypermarkets and 20 Monoprix and Casino supermarkets properties for about €374 million ($421 million).

The deal for the 32 properties, which are largely located outside of Paris, is expected to close by the end of July and is part of the Casino Group's push to shed money-losing properties.

Casino Group initially targeted about €1 billion in sales and later raised that target to at least €2.5 billion by the first quarter of 2020.

On Monday, the company affirmed its target of 10% growth in trading profit, which excludes property development, for its retail business in France.

Under the terms of the latest deal, funds managed by Apollo Global Management LLC's affiliates would create a special-purpose vehicle to acquire the portfolio and later sell it.

The Casino Group could receive up to €110 million more based on the investment vehicle meeting certain performance targets.

 

Write to Maria Armental at maria.armental@wsj.com

 

(END) Dow Jones Newswires

April 22, 2019 17:56 ET (21:56 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.
Dernières Valeurs Consultées
EU
GLE
Société Gé..
EU
ALU
ALCATEL-LU..
EU
PX1
CAC 40
ORA
Orange
FX
EURUSD
Euro vs Do..
Les dernières valeurs consultées apparaîtront dans cette boîte, vous permettant de choisir facilement les titres vus auparavant.


Inscrivez-vous maintenant pour créer votre liste d'actions personnalisée, en streaming.

Les cours EURONEXT (CAC 40, etc. ) et FOREX (les devises) sont en direct si connecté.
NYSE, AMEX, et ASX sont en différé d'environ 20 minutes. Les autres cours sont en différé d'environ 15 minutes.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Conditions Générales

P: V:fr D:20190620 19:41:45