Casino Posts First Half Sales Increase, Announces Mercialys Stake Sale
Retailer Casino, which is facing investor concerns about its high debt levels, said it was making progress with its assets disposal plan, with the sale of a 15% stake in its Mercialys property unit.
Casino also said it had received indicative offers for other assets representing around half of its €1.5 billion disposal plan.
Casino said it had reached agreement for the definitive sale of 15% of Mercialys through an equity swap with a bank for €213 million.
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