Casino: begins 1.5 billion euro asset sale plan
(CercleFinance.com) - Casino Group has announced the start of a 1.
5 billion euro asset disposal plan to accelerate its debt reduction in France.
The group has identified some non-core assets, particularly real estate assets, that could be sold for an estimated value of 1.5 billion euros, of which about half would be in 2018, with the other half at the start of 2019.
This plan adds to the planned disposal of Via Varejo in Brazil, which is currently underway, the group said.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
5 billion euro asset disposal plan to accelerate its debt reduction in France.
The group has identified some non-core assets, particularly real estate assets, that could be sold for an estimated value of 1.5 billion euros, of which about half would be in 2018, with the other half at the start of 2019.
This plan adds to the planned disposal of Via Varejo in Brazil, which is currently underway, the group said.
Copyright (c) 2018 CercleFinance.com. All rights reserved.