PARIS: French supermarket group Casino said it had agreed to sell some property assets for €565mil to reduce debt levels that have worried investors.
Casino shares have tumbled roughly 30% so far this year on concerns about its debts and those of parent holding group Rallye. Research firm Muddy Waters is one of those to have raised concerns over those debts.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!