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
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