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Could Géant Be Up For Sale As Part Of Groupe Casino's Latest Asset Disposals?

By Steve Wynne-Jones
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Could Géant Be Up For Sale As Part Of Groupe Casino's Latest Asset Disposals?

Following the announcement that it is targeting a further €2 billion worth of asset sales, a leading retail analyst has suggested that Groupe Casino's hypermarket or discount operations could be earmarked for disposal.

Bruno Montyene of Bernstein Research was commenting after Casino said that is planning to 'accentuate its unique positioning in buoyant formats (e-commerce, premium and convenience) and geographies', as part of its 2019-2021 strategy.

The retailer added that it aims to have completed its latest €2 billion asset disposal plan by the end of Q1 2021, as well as accelerate investment in 'new high-growth businesses', including energy, data, advertising and data centres.

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