Casino: finalises sale of Vindemia
(CercleFinance.com) - Casino announced on Tuesday evening that it has completed the sale of its subsidiary Vindemia, which operates in the Indian Ocean, for an enterprise value of 219 million euros.
"Proceeds from the sale amount to E207 million based on an estimated net financial debt and working capital requirement at 30 June 2020, of which E186 million has been received today. The completion of this sale (...) brings the total amount of proceeds received from the sale of non-strategic assets to E2.0 billion since July 2018, out of a total signed to date of E2.8 billion," the French food retailer said.
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"Proceeds from the sale amount to E207 million based on an estimated net financial debt and working capital requirement at 30 June 2020, of which E186 million has been received today. The completion of this sale (...) brings the total amount of proceeds received from the sale of non-strategic assets to E2.0 billion since July 2018, out of a total signed to date of E2.8 billion," the French food retailer said.
Copyright (c) 2020 CercleFinance.com. All rights reserved.