Casino Gets EUR39 Million for Further Store Disposals
July 02 2019 - 2:41AM
Dow Jones News
By Anthony Shevlin
Casino Guichard-Perrachon SA (CO.FR) said Tuesday that it has
completed the sale of more stores.
The French retailer received 39 million euros ($44.2 million)
for the sale of three hypermarkets, four Casino supermarkets and
one Leader Price store.
The company said it has received a total of EUR134 million from
the disposals of loss-making stores, resulting in a trading profit
of EUR24 million.
Casino says its other disposals are continuing according to plan
and that these hypermarket disposals are not part of its plan to
sell nonstrategic assets which it extended to EUR2.5 billion in
March.
Write to Anthony Shevlin at anthony.shevlin@dowjones.com;
@anthony_shevlin
(END) Dow Jones Newswires
July 02, 2019 02:26 ET (06:26 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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