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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Casino Guichard Perrachon | EU:CO | Euronext | Ordinary Share |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 0.0319 | 0.32 | 0.0322 | 0.00 | 06:48:28 |
From May 2019 to May 2024
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.
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