Casino: considers sale of stake in Assai
(CercleFinance.com) - Casino has announced that it is studying a new project to sell part of its stake in Assai for approximately 600 million dollars, which could be increased depending on market conditions.
This sale will enable the group to accelerate its debt reduction.
No final decision has been taken on this proposed transaction, which would take the form of a secondary offering.
For it, the Casino group has mandated a banking syndicate and asked Assai's teams to carry out the preparatory work for a possible transaction.
Copyright (c) 2023 CercleFinance.com. All rights reserved.
This sale will enable the group to accelerate its debt reduction.
No final decision has been taken on this proposed transaction, which would take the form of a secondary offering.
For it, the Casino group has mandated a banking syndicate and asked Assai's teams to carry out the preparatory work for a possible transaction.
Copyright (c) 2023 CercleFinance.com. All rights reserved.