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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 |
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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