Groupe Casino has completed the sale of 121 stores to Groupement Les Mousquetaires, Auchan Retail France and Carrefour.
This transaction is based on an enterprise value of €698 million, the retailer noted, with Groupement Les Mousquetaires acquiring 50 supermarkets, 15 hypermarkets and one Drive outlet.
Auchan Retail France bought 15 supermarkets and 17 hypermarkets, while and Carrefour acquired 13 supermarkets and 10 hypermarkets.
Groupe Casino had agreed to dispose of a total of 287 stores to the three supermarket groups earlier this year. The disposal of the remaining 166 stores will occur in two stages, on 31 May 2024 and 1 July 2024, respectively, the company added.
Groupement Les Mousquetaires, Auchan Retail France and Carrefour have agreed to take over employment contracts of employees assigned to the transferred stores and service stations.
Full story at Groupe Casino Sells 121 Stores To Groupement Les Mousquetaires, Auchan Retail France, Carrefour | ESM Magazine
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