On December 18th, Casino, Intermarché and Auchan announced that they have entered into exclusive negotiations for the “sale by the Casino group of almost all Casino hypermarkets and supermarkets to Groupement Les Mousquetaires and Auchan Retail, based on a fixed enterprise value of 1.35 billion € [1.47 billion USD],” according to a Casino press release.
“The scope of integrated stores represented a total of 3.6 billion euros [3.9 billion USD] in sales in 2022, excluding VAT (excluding petrol) for 313 stores. All employees of the transferred stores would be taken over by Groupement Les Mousquetaires and Auchan Retail.”
These negotiations are taking place after buyout offers from Lidl and Carrefour.
For more information:
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