French Retailer Casino Targets Further 2 Billion Euros Of Asset Sales

www.oann.com | 1/15/2019 | Staff
Micaella (Posted by) Level 3
PARIS (Reuters) – French supermarket retailer Casino is targeting a further 2 billion euros ($2.2 billion) of asset sales, stepping up plans to cut debt and improve financial performance.

Casino has been struggling to improve its profits in a tough business climate in France, raising concerns over its ability to generate enough cash to pay off the debt of parent company Rallye .

Board - Directors - Arbitration - Assets - Disposal

“The board of directors has validated the arbitration of assets whose disposal would be a source of value creation,” Casino said in a statement on Tuesday.

“As a result, new asset disposals for a target amount of 2 billion euros have been identified, with...
(Excerpt) Read more at: www.oann.com
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