Casino: finalises sale of eight stores

(CercleFinance.com) - Following the signing in January and February of purchase promises, Casino announces that it has finalised the sale of hypermarkets in Cholet, Roubaix and Rennes to Leclerc members, as well as four Casino supermarkets and a Leader Price store to Lidl.


On this occasion, the food retail group received 39 million euros. The amount received from the sales of loss-making stores amounts to 134 million euros, for a 24 million euro increase in its underlying operating income.

Other divestments are continuing according to plan, with Casino pointing out that these sales of hypermarkets are distinct from the plan for the sale of non-core assets announced on 11 June 2018, which was extended to 2.5 billion euros on 14 March 2019.



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