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| 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 |
From Jun 2019 to Jun 2024
By Patrick Costello
Casino Guichard-Perrachon S.A. (CO.FR) said Wednesday that it has agreed to sell three stores in France for a total of 42 million euros ($46.9 million) as part of its strategy to dispose of loss-making stores.
The transactions include the sale of its hypermarket in Marmande to an "experienced retailer" that intends to convert the store, and the sale of its hypermarket in Onet-le-Chateau to an associate of the Systeme U network, the French retailer said.
Casino also agreed to sell its hypermarket in Beziers to a Leclerc member, it said.
The three stores represented net sales of about EUR76 million in 2018, making for a trading loss of roughly EUR2 million, it said. The transactions are slated to be completed by the end of 2019, Casino said.
Write to Patrick Costello at patrick.costello@dowjones.com.
(END) Dow Jones Newswires
July 24, 2019 02:31 ET (06:31 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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