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Top related persons:
Stephane Mahe - 2 Les - 1 Les Echos - 1 France's - 1 Daniel Kretinsky - 1 Sybille de La Hamaide - 1 Claude Chendjou - 1 David Gregorio Our - 1
Top related locs:
aÊCasinoÊsupermarket Nantes France Czech El Salvador Almacenes
Top related orgs:
REUTERS - 2 Rights - 2 Thomson - 2 Grupo Calleja - 1 Casino - 1

Search resuls for: "aÊCasinoÊsupermarket"


2 mentions found


☆ France's Casino is looking to sell more supermarkets, Les Echos reports
  + stars: | 2023-11-26 | by ( ) www.reuters.com   time to read: +1 min
REUTERS/Stephane Mahe/File Photo Acquire Licensing RightsPARIS, Nov 27 (Reuters) - Heavily indebted French supermarket group Casino (CASP.PA) is preparing to sell more supermarkets to Intermarche, a unit of Groupement Les Mousquetaires, or even put its remaining stores for sale to the highest bidder, daily Les Echos said in its Monday edition. Casino already received expressions of interest for its remaining 291 supermarkets, including 60 franchises, and 52 large-scale hypermarkets, the daily said. It warned last week of likely 2023 losses for its core French business due to a slower-than-expected turnaround at its hypermarkets division. Candidates for a takeover must submit their offer by Wednesday, Les Echos said. Reporting by Sybille de La Hamaide and Claude Chendjou; Editing by David GregorioOur Standards: The Thomson Reuters Trust Principles.
Persons: Stephane Mahe, Les, Les Echos, France's, Daniel Kretinsky, Sybille de La Hamaide, Claude Chendjou, David Gregorio Our Organizations: REUTERS, Rights, Thomson Locations: aÊCasinoÊsupermarket, Nantes, France, Czech
☆ French retailer Casino agrees initial deal to sell stake in Exito Group
  + stars: | 2023-10-16 | by ( ) www.reuters.com   time to read: +1 min
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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