2023-11-26 20:36:45
Published on Nov. 26, 2023 at 9:30 p.m. Updated on Nov. 26, 2023 at 9:36 p.m.
The deterioration in the financial situation of the Casino brands calls for decisions. They might be taken soon. To stop the bleeding, the group still led by Jean-Charles Naouri is preparing to sell more supermarkets to Intermarché, or even sell the balance of its supermarket and hypermarkets to the highest bidder. It thus received expressions of interest for its balance from 291 supermarkets (including 60 franchises) and 52 hypermarkets.
Intermarché has already taken over 61 supermarkets for 209 million euros and has a three-year option paid 140 million euros (through a 49% stake in their capital) on a second series of 72 other points of sale . It also has a promise to purchase a third batch of 62 supermarkets. According to our information, other brands come into play for the rest. Candidates for takeover must have submitted their offers on Wednesday.
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