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French distributor Casino Guichard-Perrachon, which controls Grupo Pão de Açúcar (GPA) in Brazil, today announced the closing of the sale of 26 hypermarkets and supermarkets to Fortress Investment, for an amount of 501 million EUR (
Under the agreement signed with Fortress, the casino will receive around 392 million euros in the first half of the year, once the deal is finalized, the retailer said in a statement. managed by Fortress will create a specific holding company to acquire the properties and the Casino will have an interest in the entity.According to the performance of the holding company, the casino will be entitled to an additional 150 million euros in the next years.
With this latest transaction, the casino reached its goal of divesting 1.5 billion euros of badets.Saturday (19), the Casino had already announced the sale of six Géant hypermarkets in France, to the E. Leclerc Group, for 100.5 million euros. million (US $ 114.2 million). Source: Dow Jones Newswires
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