Engie, TotalEnergies are eyeing the GreenYellow subsidiary of Casino-Les Echos | Photo credits: Casino Group
(Updated with details, Casino stock market price)
PARIS, May 13 (Reuters) – Engie and TotalEnergies are interested in Casino’s renewable energy subsidiary GreenYellow, the daily Les Echos reported on Friday.
According to Les Echos, Casino has mandated Rothschild and four other banks to lead the sale of GreenYellow and expects 1.5 billion euros from the sale of this subsidiary whose distribution group holds 76% of the capital alongside Tikehau and Bpifrance.
Neither Casino nor TotalEnergies commented immediately, while no one could be reached immediately at Engie.
On the Paris Stock Exchange, Casino shares rose 8% following this information. (Report Matthieu Protard, Jean-Michel Bélot and Tassilo Hummel)