PARIS (dpa-AFX) - French retail company Casino Guichard Perrachon SA or
Casino Group announced Friday that it has entered into exclusive negotiations
with Auchan Retail France and Rocca regarding a sale of its Corsican subsidiary
Codim 2.

Codim 2 operates 4 hypermarkets, 9 supermarkets, 3 cash & carries and 2
drive-throughs in Corsica. In 2023, the unit achieved a turnover excluding taxes
of 332 million euros.

Casino group said it intends to conduct these discussions in the best interests
of Codim 2 and its employees, as well as its local partners.

Following a successful deal, Codim 2's all activities, employees and support
functions would be taken over and operated under the Auchan banner.

The company plans to submit the proposed sale to the employee representative
bodies involved and competent competition authorities.



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