Casino Identifies EUR2 Billion More French Assets to Sell
August 20 2019 - 2:41AM
Dow Jones News
By Nathan Allen
Casino Guichard-Perrachon SA (CO.FR) said Tuesday that it has
identified around 2 billion euros ($2.22 billion) of assets in
France that it intends to sell as part of a two-phase disposal
program.
Under the first phase, which should be completed by the first
quarter of 2020, Casino plans to sell EUR2.5 billion in assets, of
which EUR2.1 billion has already been signed.
The latest group of assets identified will form the second phase
of the disposal program and Casino expects to complete the sales by
the end of the first quarter of 2021, it said.
Write to Nathan Allen at nathan.allen@dowjones.com
(END) Dow Jones Newswires
August 20, 2019 02:26 ET (06:26 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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