Casino seals sale of all major supermarkets

January 25, 2024

Casino has reached an agreement with Les Mousquetaires and Auchan Retail on the sale of the 288 hypermarket and supermarket locations.

According to Casino, the sale price is between 1.3 and 1.35 billion euros. The current employment contracts are to be taken over for 15 months as part of the sale.
The sale is to take place in the second quarter of 2024 after consultation with the trade unions. Trading in Casino shares was suspended on the Paris stock exchange prior to the announcement.

The agreements provide for the transfer of stores (and the service stations attached to them) in three successive waves: on 30 April 2024, 31 May 2024 and 1 July 2024.

Tags: Acquisition, Retail

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