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CGUSY Casino Guichard Perrachon SA (CE)

0.001
0.00 (0.00%)
05 Jul 2024 - Closed
Delayed by 15 minutes
Name Symbol Market Type
Casino Guichard Perrachon SA (CE) USOTC:CGUSY OTCMarkets Depository Receipt
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  0.00 0.00% 0.001 0.00 01:00:00

Casino Gets EUR39 Million for Further Store Disposals

02/07/2019 7:41am

Dow Jones News


Casino Guichard Perrachon (CE) (USOTC:CGUSY)
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   By Anthony Shevlin 
 

Casino Guichard-Perrachon SA (CO.FR) said Tuesday that it has completed the sale of more stores.

The French retailer received 39 million euros ($44.2 million) for the sale of three hypermarkets, four Casino supermarkets and one Leader Price store.

The company said it has received a total of EUR134 million from the disposals of loss-making stores, resulting in a trading profit of EUR24 million.

Casino says its other disposals are continuing according to plan and that these hypermarket disposals are not part of its plan to sell nonstrategic assets which it extended to EUR2.5 billion in March.

 

Write to Anthony Shevlin at anthony.shevlin@dowjones.com; @anthony_shevlin

 

(END) Dow Jones Newswires

July 02, 2019 02:26 ET (06:26 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.

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