PARIS, October 26 (Reuters) – The Casino group announced on Wednesday evening that it had begun, in order to accelerate its reduction in debt, the study of a project to sell part of its stake in the Brazilian supermarket chain Assaí for a amount of approximately 500 million dollars (495.9 million euros).
This amount could, if necessary, be increased depending on market conditions, he added.
“No final decision has been made on this proposed transaction, which would take the form of a secondary placement and which could be completed by the end of November depending on market conditions,” he added. specified in a press release. (Written by Jean-Stéphane Brosse)