24.01.2024 14:40:44 - dpa-AFX: Group Casino Reaches Agreements For Sale Of Casino Hypermarkets And Supermarkets
BRUSSELS/FRANKFURT/PARIS (dpa-AFX) - Group Casino said it has reached
agreements with Auchan Retail and Groupement Les Mousquetaires for the sale of
Casino hypermarkets and supermarkets. The deal provide for the sale of 288
stores, based on an enterprise value of between 1.3 and 1.35 billion euros. The
company noted that the disposals will take place in the second quarter of 2024.
Groupement Les Mousquetaires and Auchan have undertaken to take over the
employment contracts of employees assigned to the transferred stores and service
stations.
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