French retailer Casino sells 3% stake in Mercialys

PARIS - French retailer Casino said on Thursday it had completed the sale of a 3% equity stake in commercial property company Mercialys, cashing in 24 million euros ($27.10 million).

The sale, made through a total return swap (TRS) of maturity March 2022, reduces Casino's stake in Mercialys in terms of voting rights to 16.9% from 16.9%, the statement said.

($1 = 0.8857 euros)