Casino confirms that it has launched a process to sell GreenYellow | Photo credits: Casino
(updated with details)
PARIS, May 16 (Reuters) – The Casino group confirmed on Monday that it has launched a process to sell its renewable energy subsidiary GreenYellow with a view to a potential operation by the end of the year.
Casino specifies that it has not received any binding offer to date, nor taken any final decision on this project.
Les Echos reported on Friday that Engie and TotalEnergies were interested in buying GreenYellow.
According to the daily, Casino has mandated Rothschild and four other banks to lead the sale of GreenYellow, whose distribution group holds 76% of the capital alongside Tikehau and Bpifrance.
“In response to market rumors echoed in the press, Casino confirms that it has launched a process to sell GreenYellow with a view to a potential transaction by the end of the year,” the group said in a statement. (Written by Tangi Salaün and Matthieu Protard)