BREAKING NEWS

BREAKING NEWS

French retailer Casino to sell catering arm 'R2C' to Compass

French retailer Casino to sell catering arm 'R2C' to Compass
FILE PHOTO - A logo of French retailer Casino is pictured outside a Casino supermarket in Nantes, France, July 20, 2017. REUTERS/Stephane Mahe/File Photo -
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Stephane Mahe(Reuters)
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PARIS (Reuters) - French supermarket retailer Casino, which has been divesting assets to trim debts, said on Thursday it had agreed to sell its contract catering business 'R2C' to Compass.

Financial terms were not disclosed, and Casino said it expects to complete the deal by the end of the first half of the year.

(Reporting by Sudip Kar-Gupta; Editing by Sherry Jacob-Phillips)

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