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 - Copyright Stephane Mahe(Reuters)

By Reuters

Published on 14/02/2019 - 08:04•Updated 09/05/2024 - 03:17

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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.