PARIS (Agefi-Dow Jones)–The distributor Casino has mandated several banks with a view to selling GreenYellow, its subsidiary specializing in the production of renewable energies and energy services, Les Echos reported on Friday.
Casino would expect around 1.5 billion euros for this subsidiary, of which it owns 73% and which counts as other shareholders Tikehau Capital and Bpifrance.
The energy companies Engie, TotalEnergies and EDP are studying the file as well as several investment funds including Ardian, KKR, Blackstone and EQT. The first offers are expected within a fortnight, said Les Echos, citing “concordant sources”.
Contacted by the agency Agefi-Dow Jones, spokespersons for Casino and Engie made no comment. A spokesperson for TotalEnergies was not immediately available for comment.
The title jumped 9% to 17.9 euros Friday at the end of the session.
-Francois Schott, Agefi-Dow Jones; +33 (0)1 41 27 47 92; [email protected] ed: ECH
Website: https://www.lesechos.fr/industrie-services/energie-environnement/engie-et-totalenergies-sinteressent-a-la-filiale-denergie-renouvelable-de-casino-1406958
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May 13, 2022 11:26 ET (15:26 GMT)