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But critics say it showed a telling disregard for the struggles of the many millions of Indians living in poverty. Spanning three days, the pre-nuptial event included a private performance by Rihanna, which estimates suggest cost up to $9 million. AdvertisementTripathi pointed out that 800 million of India's 1.4 billion population receive monthly food rations of wheat or rice. Sohini Kar, an associate professor at the London School of Economics, whose work focuses on urban India, told BI she agrees. Anant Ambani and Radhika Merchant serve traditional Gujarati food to villagers ahead of their pre-wedding celebrations on the outskirts of Jamnagar, India.
Persons: , Anant Ambani, Asia's, Radhika Merchant, Rihanna, Nita Ambani, Shyam Bihari, WaterAid, Haldia, Rakhi Tripathi, Tripathi, Sohini Kar, Kar, St Louis Fed, Mukesh Ambani, Ratan Tata, Nita, Stringer Organizations: Service, Business, Bank, New, of Management, London School of Economics, BI, Oxfam International, St, Bloomberg, Architectural Digest, Reliance Foundation, Reuters Locations: India, Delhi, Asia, Mumbai, Jamnagar, Gujarat
France to Impose Travel Bans on Violent Israeli Settlers
  + stars: | 2024-02-13 | by ( Feb. | At A.M. | ) www.usnews.com   time to read: +1 min
PARIS (Reuters) - France will ban 28 Israeli settlers from entering the country, accusing them of attacking Palestinians in the occupied West Bank, its foreign ministry said on Tuesday. "These measures come as violence perpetrated by settlers against the Palestinian population has increased in recent months. France reaffirms its firm condemnation of this unacceptable violence," the ministry said in a statement. Photos You Should See View All 22 ImagesThe United States and Britain have expressed similar concerns and have already imposed sanctions on several settlers whom they say are responsible for violence. The European Union's foreign policy chief Josep Borrell said in December that he would also propose similar measures.
Persons: Josep Borrell, John Irish, Sudip Kar Organizations: PARIS, West Bank, GV De Locations: France, Israel, Gaza, United States, Britain
PARIS (Reuters) - Two climate change activists hurled soup at the protective glass in front of the world-famous "Mona Lisa" painting in Paris' Louvre museum on Sunday. Video footage showed two women flinging red soup at Leonard da Vinci's masterpiece, to gasps from onlookers. They had ducked under a security barrier to get as close as they could to the painting and were led away by Louvre security guards. In recent years, many activists have targeted art to raise awareness about climate change. The glass in front of the "Mona Lisa" was smothered in cream in a protest in May 2022.
Persons: Mona Lisa, Leonard da, Vincent Van, Goya, Sudip Kar, Gupta, Manuel Ausloos, Barbara Lewis Organizations: PARIS Locations: Paris, Madrid's Prado
French Farmers Damage Overseas Goods as Protests Continue
  + stars: | 2024-01-25 | by ( Jan. | At A.M. | ) www.usnews.com   time to read: 1 min
PARIS (Reuters) - French farmers damaged food products coming in on trucks from outside France, BFM TV reported on Thursday, as their nationwide protests to demand better pay and living conditions showed no signs of abating. BFM TV showed images of what it said was fruit that had come from Spain lying damaged by the side of the A7 motorway in southern France. Many French farmers complain they are being hit by unfair competition from overseas. Another group of farmers set off in a convoy of tractors on Thursday morning on the RN12 major road artery near Paris, as demonstrators maintained their threat of converging on the capital en masse. (Reporting by Sudip Kar-Gupta; Editing by Alex Richardson)
Persons: Sudip Kar, Alex Richardson Organizations: PARIS Locations: France, Spain, Paris, masse
French Farming Protests Could Target Paris, Union Chief Says
  + stars: | 2024-01-24 | by ( Jan. | At A.M. | ) www.usnews.com   time to read: 1 min
PARIS (Reuters) - Protests by French farmers demanding better working and living conditions could intensify and road blockades could target Paris, the head of the country's biggest farming union said on Wednesday. "I am not ruling out any option," Arnaud Rousseau, the head of the FNSEA farming union, said when asked by France 2 TV if the protests could disrupt the Paris region. The protests, heading into a second week after spilling over from neighbouring countries such as Germany, come as campaigning for European Union elections gathers pace. The protests have blocked many important transport networks in southern France this week, and there have been signs that they are spreading. (Reporting by Sudip Kar-Gupta; Editing by Benoit Van Overstraeten and Andrew Heavens)
Persons: Arnaud Rousseau, Gabriel Attal, Sudip Kar, Benoit Van Overstraeten, Andrew Heavens Organizations: PARIS, European Union Locations: Paris, France, Germany
Woman Dies After Car Hits French Farmers' Roadblock - Police
  + stars: | 2024-01-23 | by ( Jan. | At A.M. | ) www.usnews.com   time to read: 1 min
PARIS (Reuters) - A woman died on Tuesday morning after a car hit a roadblock set up by farmers in southern France during nationwide protests, a police spokesman said. "A car went into a farmers' roadblock. One woman has died and two others were seriously injured. The three occupants of the car have been arrested," the police spokesman said. He said he could not immediately give more details about how the car hit the roadblock in the Ariege region.
Persons: Sudip Kar, Gupta, Jean, Stephane Brosse, Andrew Heavens Organizations: PARIS Locations: France, Ariege
EU Targets Six People Under New Hamas Sanctions Scheme
  + stars: | 2024-01-19 | by ( Jan. | At P.M. | ) www.usnews.com   time to read: +2 min
BRUSSELS (Reuters) - The European Union on Friday imposed asset freezes and travel bans on six people it said were linked to Hamas, under a new sanctions regime targeting the Palestinian militant group. The EU already listed Hamas as a terrorist organisation but moved to create a legal framework focused on the group after its deadly attack on southern Israel on Oct. 7. The Council listed those sanctioned as Sudan-based financier Abdelbasit Hamza Elhassan Mohamed Khair, Nabil Chouman, the former's son Khaled Chouman, senior Hamas financier Rida Ali Khamis, senior Hamas operative Musa Dudin and Algeria-based financier Aiman Ahmad Al Duwaik. "The new sanctions framework shall apply until 19 January 2025. A senior EU official earlier on Friday said the first batch of sanctioned individuals was linked to providing funds to the group.
Persons: Abdelbasit Hamza Elhassan Mohamed Khair, Nabil Chouman, Khaled Chouman, Rida Ali Khamis, Musa Dudin, Aiman Ahmad Al Duwaik, Josep Borrell, Benjamin Netanyahu, Tassilo Hummel, Sudip Kar, Gupta, Andrew Gray Organizations: European Union, EU, of, Hamas, U.S . Treasury Locations: BRUSSELS, Israel, Gaza, Sudan, Algeria, United States, Turkey, Saudi Arabia
EU clears up to 1.2 bln euros of aid for cloud computing
  + stars: | 2023-12-05 | by ( ) www.reuters.com   time to read: +2 min
European flags fly outside the European Commission headquarters in Brussels, Belgium September 20, 2023. REUTERS/Yves Herman/File Photo Acquire Licensing RightsBRUSSELS, Dec 5 (Reuters) - The European Commission approved on Tuesday up to 1.2 billion euros ($1.30 billion) of state aid for a European cloud computing project to try to boost the involvement of EU business in a field dominated by U.S. companies. Those countries will provide up to 1.2 billion euros in public funding, which in turn is expected to unlock 1.4 billion euros in private investments, the European Commission said. The European cloud technology project features 19 companies, including French companies Atos (ATOS.PA) and Orange (ORAN.PA), Deutsche Telekom (DTEGn.DE) and Germany's SAP (SAPG.DE), Telecom Italia (TLIT.MI) and Telefonica Espana (TEF.MC). The three biggest players in cloud computing are Amazon (AMZN.O), Microsoft (MSFT.O) and Google (GOOGL.O).
Persons: Yves Herman, Didier Reynders, Sudip Kar, Gupta, Piotr Lipinski, Philip Blenkinsop, Barbara Lewis Organizations: European Commission, REUTERS, Rights, U.S, Infrastructure, Services, IPCEI CIS, Union, Deutsche Telekom, SAP, Telecom Italia, Telefonica Espana, Microsoft, Google, Thomson Locations: Brussels, Belgium, France, Germany, Hungary, Italy, Netherlands, Poland, Spain
France puts country on 'high' alert for bird flu
  + stars: | 2023-12-05 | by ( ) www.reuters.com   time to read: +1 min
PARIS, Dec 5 (Reuters) - France raised the risk level of bird flu to 'high' from 'moderate' on Tuesday after the detection of new cases of the disease, forcing poultry farms to keep birds indoors to stem the spread of the highly contagious virus. Avian influenza, commonly known as bird flu, has led to the culling of hundreds of millions birds worldwide in recent years. France said last week that it had detected a first bird flu outbreak on a farm this season in Brittany, in the northwest of the country. The "high" risk level implies that all poultry should be kept inside on farms and additional security measures taken to avoid a spread of the disease. Reporting by Sybille de La Hamaide and Gus Trompiz; Editing by Sudip Kar-Gupta, Kirsten DonovanOur Standards: The Thomson Reuters Trust Principles.
Persons: Sybille de La Hamaide, Gus Trompiz, Sudip Kar, Gupta, Kirsten Donovan Organizations: Thomson Locations: France, Germany, Netherlands, Belgium, Brittany
REUTERS/Raneen Sawafta/File Photo Acquire Licensing RightsBRUSSELS, Nov 24 (Reuters) - European Commission President Ursula von der Leyen said on Friday that rising violence by extremists in the Israeli-occupied West Bank had to stop. Violence by Israeli settlers against Palestinians in the West Bank has increased since the Oct. 7 Hamas attack on Israel. And to this end, unacceptable violence by extremists in the West Bank has to stop," she added. Britain's Foreign Secretary David Cameron also urged Israel to crack down on what he called "completely unacceptable" violence by West Bank settlers. Israel occupied the West Bank, which Palestinians want as the core of an independent state, in a 1967 Middle East war.
Persons: Raneen, Ursula von der Leyen, Von der Leyen, Justin Trudeau, Charles Michel, Joe Biden, David Cameron, it's, Sudip Kar, William Maclean Organizations: West Bank, REUTERS, Rights, Canadian, European, Britain's, BBC, Thomson Locations: Huwara, Rights BRUSSELS, Israel, Canada, Gaza, , United States
Wilders' win sent a warning shot to mainstream parties across Europe ahead of European Parliament elections next June, which will likely be fought on the same issues as the Dutch election: immigration, cost of living and climate change. A fan of former U.S. President Donald Trump and Hungary's eurosceptic Prime Minister Viktor Orban, Wilders is openly anti-Islam, and anti-EU and said "the Netherlands will be returned to the Dutch." "I would be very happy to become the Dutch prime minister, of course," Wilders told party members who welcomed him with champagne and cake, adding that he was willing to negotiate. "But the first thing is a significant restriction on asylum and immigration," Wilders said. "The high level of support for anti-European forces in the Netherlands is bitter," Germany's EU Minister Anna Luehrmann said.
Persons: Wilders, eurosceptics, Geert Wilders, We've, Herman Borcher, Donald Trump, Viktor Orban, Mark Rutte, Yves Herman Acquire, Rene Cuperus, It's, Cuperus, Anna Luehrmann, Muhsin Koktas, Bart Meijer, Charlotte van Campenhout, Anthony Deutsch, Johnny Cotton, Toby Sterling, Petra Wischgoll, Alvise Armellini, Dominique Vidalon, Sudip Kar, Ingrid Melander, Bernadette Baum, Toby Chopra Organizations: Freedom Party, Labour, Green, People's Party for Freedom and Democracy, Coalition, REUTERS, Statistics, Clingendael Institute, EU, Islamic, Thomson Locations: Europe, AMSTERDAM, Netherlands, Enschede, The Hague, Statistics Netherlands, Ukraine, Moroccan, Amsterdam
An Epic Pilgrimage Across Three Great Religions
  + stars: | 2023-11-09 | by ( Aatish Taseer | ) www.nytimes.com   time to read: +111 min
Before there was tourism, there was pilgrimage: a trip of endurance, hardship and ecstasy in celebration of one’s faith. On an epic pilgrimage of his own, one writer ventures into the heart of three great religions in Bolivia, Mongolia and Iraq. The Imam Hussein shrine in Karbala the day after Ashura. “They’re poor, but they come thousands of kilometers for the love of Imam Hussein.” PILGRIMAGE WAS A great equalizer. “Labaik ya Hussein,” came the solemn chorus of surrounding voices.
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Russia's withdrawal is the latest in a series of actions that systematically undermines Euro-Atlantic security," said NATO in a statement. "Therefore, as a consequence, Allied States Parties intend to suspend the operation of the CFE Treaty for as long as necessary, in accordance with their rights under international law. This is a decision fully supported by all NATO Allies." Earlier on Tuesday, Russia had formally withdrawn from this landmark security treaty which limited key categories of conventional armed forces, blaming the United States for undermining post-Cold War security with the enlargement of the NATO military alliance. Reporting by Benoit Van Overstraeten; Editing by Sudip Kar-GuptaOur Standards: The Thomson Reuters Trust Principles.
Persons: Alexey Pavlishak, Benoit Van Overstraeten, Sudip Kar Organizations: REUTERS, Rights, NATO, Conventional Armed Forces, Allied, NATO Allies, Gupta, Thomson Locations: Russian, Ukraine, Yevpatoriya, Crimea, Russia, Rights BRUSSELS, Europe, CFE, United States
Chew will meet Breton on Nov. 6 and Jourova and Reynders on Nov. 7, a TikTok spokesperson said. He will update the commissioners on TikTok's data security regime called Project Clover which started to store European user data locally this year, a TikTok spokesperson said. The company has a data centre in Dublin, Ireland, and is building two more in Ireland and Norway. Breton last month gave TikTok an Oct. 25 deadline to provide information on its crisis response measures. Reporting by Foo Yun Chee; editing by Sudip Kar-Gupta and Jason NeelyOur Standards: The Thomson Reuters Trust Principles.
Persons: Shou Zi Chew, Online Harms, Thierry Breton, Vera Jourova, Didier Reynders, TikTok, Chew, Breton, Foo Yun Chee, Sudip Kar, Gupta, Jason Neely Organizations: Energy, Commerce, Safeguard, Online, Capitol, Breton, Digital Services, Big Tech, Thomson Locations: Washington , U.S, BRUSSELS, EU, Brussels, Israel, Gaza, Reynders, Dublin, Ireland, Norway
PARIS (Reuters) - France will send a second French helicopter carrier off the coast of Gaza as it works with Israeli and Egyptian authorities to find a way to provide medical assistance to people affected by the bombings in the besieged area. Paris has already sent the Tonnerre carrier to the eastern Mediterranean on what President Emmanuel Macron described as a mission to support Gaza hospitals. Egypt this week began admitting limited numbers of wounded across its Gaza border. Speaking to France Info radio, Defence Minister Sebastien Lecornu said the helicopter carrier Dixmude would also now be heading to the region. He said he hoped that France's decision to send ships would encourage others to do so therefore creating critical mass.
Persons: Emmanuel Macron, Sebastien Lecornu, Lecornu, John Irish, Sudip Kar, Gupta, Jonathan Oatis Organizations: PARIS, Defence Locations: France, French, Gaza, Paris, Egypt
PARIS, Oct 31 (Reuters) - Paris police shot and critically wounded a woman wearing a hijab who was behaving in a threatening manner and shouted "Allahu Akbar" and "You're all going to die" in a metro station on Tuesday morning, Paris police chief Laurent Nunez said. [1/2]Police stand outside the Bibliotheque Francois Mitterand metro and regional train station, where officers shot and injured a woman wearing a hijab after she shouted "Allahu Akbar" and "You're all going to die", in Paris, France, October 31, 2023. "This person refused to comply with summons and police fired their weapons," Nunez said, adding the situation had been "extremely threatening." The woman turned out not be in possession of explosives at the time she was shot, Nunez said. The metro station, on the RER C line, was evacuated after the incident, police said.
Persons: Allahu Akbar, Laurent Nunez, Olivier Veran, Lucien Libert, Nunez, Le Parisien, Tassilo Hummel, Dominique Vidalon, Michel Rose, Sudip Kar, Ingrid Melander, John Stonestreet, Ed Osmond, Tomasz Janowski Organizations: Paris police, Bibliotheque, Police, REUTERS, Thomson Locations: Paris, France, Israel, Gaza
PARIS (Reuters) -Paris police shot and critically wounded a woman wearing a hijab who was behaving in a threatening manner and shouted "Allahu Akbar" and "You're all going to die" in a metro station on Tuesday morning, Paris police chief Laurent Nunez said. The fully-veiled woman was shot at the Bibliotheque François-Mitterrand station. "This person refused to comply with summons and police fired their weapons," Nunez said, adding the situation had been "extremely threatening." The woman turned out not be in possession of explosives at the time she was shot, Nunez said. The metro station, on the RER C line, was evacuated after the incident, police said.
Persons: Allahu Akbar, Laurent Nunez, Olivier Veran, Nunez, Le Parisien, Tassilo Hummel, Dominique Vidalon, Michel Rose, Sudip Kar, Ingrid Melander, John Stonestreet, Ed Osmond, Tomasz Janowski Organizations: PARIS, Paris police, Bibliotheque Locations: Paris, France, Israel, Gaza
French government condemns 'disgusting' Marseille fan violence
  + stars: | 2023-10-30 | by ( ) www.reuters.com   time to read: +1 min
French Interior and Overseas Minister Gerald Darmanin leaves following the weekly cabinet meeting at the Elysee Palace in Paris, France, October 18, 2023. REUTERS/Sarah Meyssonnier/File Photo Acquire Licensing RightsPARIS, Oct 30 (Reuters) - France's government condemned on Monday "disgusting" weekend violence around the Olympique de Marseille soccer stadium and said nine people had been arrested after visitors Olympique Lyonnais' bus was attacked and their Italian coach injured. Sunday's Ligue 1 match between the arch-rivals of France's south east, who have a history of fan violence, was cancelled. Interior Minister Gerald Darmanin said nine people had been detained so far. Darmanin denied authorities had failed to prepare for the risk, saying 500 police officers were present.
Persons: Gerald Darmanin, Sarah Meyssonnier, Fabio Grosso, Amelie Oudea, Castera, Darmanin, Tassilo Hummel, Sudip Kar, Andrew Cawthorne Organizations: Overseas, REUTERS, Rights, Olympique de Marseille, Olympique Lyonnais, Sunday's Ligue, France, Stade Velodrome, Thomson Locations: Paris, France, France's
EU regulators set new Feb 14 deadline on Amazon/iRobot deal
  + stars: | 2023-10-30 | by ( ) www.reuters.com   time to read: +1 min
REUTERS/Pascal Rossignol/File Photo Acquire Licensing RightsPARIS, Oct 30 (Reuters) - European Union (EU) antitrust regulators will decide by February 14 next year on whether to clear Amazon's (AMZN.O) $1.4 billion acquisition of robot vacuum maker iRobot (IRBT.O), according to a regulatory filing. In August, the EU's competition enforcer temporarily halted its investigation into the deal while it awaited more information. Its previous deadline for its decision on the deal was December 13. The EU's competition watchdog has previously warned Amazon that the deal may reduce competition in robot vacuum cleaners and also reinforce the U.S. company's dominant position as an online marketplace provider. In July, Amazon cut the price it would pay for iRobot by about 15% to around $1.42 billion after iRobot, which makes Roomba vacuum cleaners, incurred more debt.
Persons: Pascal, Sudip Kar, Jason Neely Organizations: REUTERS, Rights, Union, Amazon, Thomson
Grosso, a World Cup winner with Italy in 2006, sustained facial injuries during the incident, leaving league officials to deal with another episode of rioting fans. Some preliminary round Olympic matches will be played in Marseille, where violence erupted at the 1998 World Cup between England fans and French police. Marseille condemned the behaviour of their fans in a statement on Monday. Lyon condemned their fans' behaviour after some were seen making Nazi salutes at the Velodrome. "OL firmly condemns the unacceptable racist behaviour of individuals in the stands on Sunday," the club said in a statement.
Persons: Lyon, Fabio Grosso, Gerald Darmanin, Pablo Longoria, Marseille, Amelie Oudea, Castera, St Etienne, Julien Pretot, Sudip Kar, Tassilo Hummel, Michael Perry Organizations: Olympique de Marseille's Ligue, Olympique Lyonnais, Italy, Marseille's Stade Velodrome, French League, England, French, Olympique de Marseille, Stade Orange Velodrome, France, Stade Velodrome, Marseille, RC Lens, Lille, St, Thomson Locations: Grosso, Marseille's, Marseille, Nice, Montpellier, Angers
Dairy products of French food group Danone are seen in a supermarket in Nice, France, January 9, 2023. REUTERS/Eric Gaillard/File photo Acquire Licensing RightsPARIS, Oct 26 (Reuters) - French food group Danone (DANO.PA) raised its 2023 revenue growth forecast after its third-quarter sales beat analysts' estimates, as higher prices helped offset lower volumes. Overall, Danone increased its prices by 6.6% during the quarter while sales volume declined 0.3%, a sequential improvement led by Essential Dairy and Plant-based. Danone, like its rivals Nestle (NESN.S) and Unilever (ULVR.L), has increased prices to cope with higher commodities and supply chain costs. Last week, Nestle (NESN.S) posted lower-than-expected nine-month sales growth as higher product prices made shoppers balk.
Persons: Eric Gaillard, Antoine de Saint, Affrique, Dominique Vidalon, Sudip Kar, Gupta, Jacqueline Wong Organizations: Danone, REUTERS, Rights, Evian, Essential Dairy, Nestle, Unilever, Investors, Thomson Locations: Nice, France, Europe
[1/2] A customer pushes a shopping trolley as she shops in a Carrefour supermarket in Montesson near Paris, France, September 13, 2023. Third-quarter sales reached 23.63 billion euros ($25 billion), marking like-for-like growth of 9% which was less than 10.3% growth in the second quarter, Carrefour said, adding it confirmed a cost savings target of 1 billion euros for the year. The sales growth moderation reflected a slowdown in food inflation in Carrefour's core markets of France and Brazil. In France, hypermarket sales rose 4.2% in the third quarter of 2023 compared with a 6.6% rise in the second quarter of 2023. The company said it had achieved 664 million euros out of its 800 million euros buyback programme for 2023.
Persons: Sarah Meyssonnier, Dominique Vidalon, Sudip Kar, Gupta, Mike Harrison Organizations: REUTERS, Rights, Carrefour, Thomson Locations: Carrefour, Montesson, Paris, France, Brazil
NATO boosts Baltic patrols after undersea infrastructure damage
  + stars: | 2023-10-19 | by ( ) www.reuters.com   time to read: +2 min
Navy ships sail during the Northern Coasts 2023 exercise in the Baltic Sea, September 18, 2023. REUTERS/Janis Laizans/File Photo Acquire Licensing RightsBRUSSELS, Oct 19 (Reuters) - NATO is stepping up patrols in the Baltic Sea following recent damage to undersea infrastructure in the region, the transatlantic military alliance said on Thursday. A fleet of four NATO minehunters is also being dispatched to the area," NATO said in a statement. "NATO will continue to adapt its maritime posture in the Baltic Sea and will take all necessary steps to keep Allies safe." The buildup illustrates that NATO allies are vigilant and ready for action, Estonian Defence Minister Hanno Pevkur said.
Persons: Janis Laizans, Dylan White, Hanno Pevkur, Andrew Gray, Andrius, Sudip Kar, Gupta, Ed Osmond Organizations: REUTERS, Rights, NATO, Baltic, Estonian Defence, European Union, Andrius Sytas, Thomson Locations: Baltic, Rights BRUSSELS, Sweden, Estonia, Finnish, Estonian, Finland, Tallinn, Brussels, Vilnius
They spoke after paying tribute to the victims of Monday's attack in the Belgian capital, home to the EU institutions, and condemning what they branded a brutal terrorist attack. Sweden's Prime Minister Ulf Kristersson said Europe's open-border Schengen zone would not survive unless the EU's external frontiers were better protected from unwanted immigration. Belgian Prime Minister Alexander De Croo said the EU also needed a more effective system of returning unauthorised immigrants. The 45-year-old gunman arrived on the Italian island of Lampedusa in 2011 and then lived in Sweden before claiming asylum in Belgium. EU migration ministers will discuss the plans in Brussels on Thursday, as will national leaders next week.
Persons: Ulf Kristersson, Alexander De Croo, Yves Herman Acquire, Margaritis Schinas, Abdesalem Al Guilani, RTBF, Abdesalem, Sudip Kar, Gupta, Johnny Cotton, Anna Ringstrom, Benoit van Overstraeten, Gabriela Baczynska, Gareth Jones, Jonathan Oatis Organizations: Swedish, Belgian, REUTERS, Sweden's, EU, STV, European Commission, Islamic State, Thomson Locations: Sweden, Brussels, Belgium, BRUSSELS, Tunisia, Swedish, Belgian, Europe, Lampedusa, Israel
A logo of French retailerÊCasinoÊis pictured outside aÊCasinoÊsupermarket in Nantes, France, July 27, 2023. REUTERS/Stephane Mahe/File Photo Acquire Licensing RightsPARIS, Oct 16 (Reuters) - Indebted French supermarket chain Casino (CASP.PA) said on Monday it had agreed an initial deal to sell its stake in Latin American retailer Almacenes Exito (IMI.CN) to Grupo Calleja. Casino's board on Friday approved a pre-agreement to sell its entire stake in Almacenes Exito to Grupo Calleja, a leading grocery retailer in El Salvador, it said. Casino is in the midst of a restructuring after years of debt-fuelled acquisitions had brought it to the verge of default. The price per share may be reduced by extraordinary dividend distributions, asset transfers or similar transactions made by Exito, Casino added in a statement.
Persons: Stephane Mahe, Almacenes, Exito, Sudip Kar, Olivier Sorgho, Jacqueline Wong, Lincoln Organizations: REUTERS, Rights, Grupo Calleja, Casino, Thomson Locations: aÊCasinoÊsupermarket, Nantes, France, El Salvador, Almacenes
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