PARIS, Oct 2 (Reuters) - Debt-burdened Casino said on Monday it had completed the sale of a first set of 61 stores in France to Groupement Les Mousquetaires and had extended its purchasing alliance with the French retailer to include private-label food products.
The sale of the 61 stores, 카지노커뮤니티 including hypermarkets, supermarkets, Franprix grocery shops and convenience stores, represents revenue of 563 million euros ($594.75 million) excluding value-added tax (VAT), based on an enterprise value of 209 million euros, including service stations, the statement s
r />
In addition, under the agreements signed in May 2023, Casino granted a call option to Groupement Les Mousquetaires, exercisable within three years at the latest, for a second group of stores representing 510 million euros in sales excluding
r />Separately, in July Casino agreed a long-awaited debt restructuring deal with creditors led by Czech billionaire Daniel Kretinsky to avert bankrup
r />France's sixth-largest retailer was brought to the verge of default after years of debt-fuelled deals and recent losses in market share to rival supermarket gro
r />($1 = 0.9466 euros) (Reporting by Dominique Vidalon, Editing by Louise Heavens)
The sale of the 61 stores, 카지노커뮤니티 including hypermarkets, supermarkets, Franprix grocery shops and convenience stores, represents revenue of 563 million euros ($594.75 million) excluding value-added tax (VAT), based on an enterprise value of 209 million euros, including service stations, the statement s
r />
In addition, under the agreements signed in May 2023, Casino granted a call option to Groupement Les Mousquetaires, exercisable within three years at the latest, for a second group of stores representing 510 million euros in sales excluding r />Separately, in July Casino agreed a long-awaited debt restructuring deal with creditors led by Czech billionaire Daniel Kretinsky to avert bankrup
r />France's sixth-largest retailer was brought to the verge of default after years of debt-fuelled deals and recent losses in market share to rival supermarket gro
r />($1 = 0.9466 euros) (Reporting by Dominique Vidalon, Editing by Louise Heavens)
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