Casino Guichard Perrachon (CO)

  0.03
   
  • Change Today:
     0.00
  • 52 Week High:  8.37
  • 52 Week Low:  0.03
  • Currency: Euro
  • Shares Issued: 109.73m
  • Volume: 11,447,303
  • Market Cap:  3.15m
  • Beta: 1.36

Casino in talks to sell Leader Price to Aldi

By Michele Maatouk

Date: Friday 20 Sep 2019

LONDON (ShareCast) - (Sharecast News) - French supermarket retailer Casino confirmed late on Thursday that it is in talks with German discounter Aldi about selling its discount chain Leader Price.
Casino said the two had entered into discussions "with a view to have Aldi France submit a binding offer" after it received an expression of interest from Aldi.

"Once known, if they are acceptable to the group, the offer parameters will be disclosed to the market," it said.

It said Leader Price employee representative bodies will be informed and consulted as soon as a sufficiently advanced project can be presented to them.

The statement followed a report in Les Echos suggesting that the deal could be worth around €400m.

At 0930 BST, Casino Guichard Perrachon shares were up 2% at €44.70.

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CO Market Data

Currency Euro
Share Price   0.03
Change Today   0.00
% Change -0.69 %
52 Week High  8.37
52 Week Low  0.03
Volume 11,447,303
Shares Issued 109.73m
Market Cap  3.15m
Beta 1.36

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