Casino sales merely keep its head above water aimeedonnellan
French retailer Casino said on April 22 it agreed to sell a portfolio of 12 Casino hypermarkets and 20 supermarkets to U.S. asset management firm Apollo Global Management in a deal worth up to 470 million euros.
Casino said the proposed transaction was to take place by the end of July, with 80 percent of the value of the assets expected to be paid for by then. In March, Casino raised its goal for the disposal of non-strategic assets to at least 2.5 billion euros by the first quarter of 2020.
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