French retailer Casino agrees initial deal to sell stake in Exito Group
© Reuters. FILE PHOTO: A logo of French retailerÊCasinoÊis pictured outside aÊCasinoÊsupermarket in Nantes, France, July 27, 2023. REUTERS/Stephane Mahe/File PhotoPARIS - Indebted French supermarket retailer Casino said on Monday that it had agreed an initial deal to sell its stake in Latin American retailer Almacenes Exito.
Grupo Pao de Acucar, a Brazilian subsidiary of Casino which holds 13.31% of Exito Group's shares, is also party to this pre-agreement and also agreed to sell its equity interest in a tender offer deal, Casino said.We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other.
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