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Supermarket retailer Casino to sell 26 stores worth 501 million euros

Supermarket retailer Casino to sell 26 stores worth 501 million euros
FILE PHOTO: A customer shops in a Casino supermarket in Nice, France, January 15, 2019. REUTERS/Eric Gaillard/File Photo   -   Copyright  Eric Gaillard(Reuters)
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PARIS (Reuters) – French supermarket retailer Casino <CASP.PA>, which is in the process of divesting assets to cut debts, said on Monday it would sell 26 stores worth 501 million euros (443.05 million pounds)in the first half of 2019.

Casino said it would sell 13 ‘Géant Casino’ hypermarkets, three other hypermarkets and 10 Casino supermarkets to Fortress Investment Group.

($1 = 0.8790 euros)

(Reporting by Sudip Kar-Gupta; Editing by Subhranshu Sahu)

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