Casino to Sell Vindemia to GBH in EUR219 Million Deal
July 22 2019 - 02:47AM
Dow Jones News
By Cristina Roca
France's Casino Guichard-Perrachon SA (CO.FR) said Monday that
it has agreed to sell its subsidiary Vindemia to GBH for an
enterprise value of 219 million euros ($245.7 million).
Vindemia will become part of GBH's retail division once the sale
is completed. In the agreement signed between the two companies,
GBH has committed to sell stores to a third party in anticipation
of possible concerns from competition authorities, Casino said.
The financially troubled supermarket in June last year announced
a plan to dispose of nonstrategic assets, which by May this year
amounted to EUR2.5 billion.
Write to Cristina Roca at cristina.roca@dowjones.com;
@_cristinaroca
(END) Dow Jones Newswires
July 22, 2019 02:32 ET (06:32 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
Casino Guichard Perrachon (EU:CO)
Historical Stock Chart
From Feb 2024 to Mar 2024
Casino Guichard Perrachon (EU:CO)
Historical Stock Chart
From Mar 2023 to Mar 2024