Brazil. Casino sells home electrical business

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16 July 2019 à 11h46

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1 minute

Publication: 16 July 2019 à 11h46

Reading time: 1 minute

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Publication

16 July 2019 à 11h46

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Publication: 16 July 2019 à 11h46

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As part of a large debt reduction plan and simplification strategy, Casino is restructuring its Latino assets. The retailer sold the 38.3% in its home electrical business called Via Varejo (controlling Pontofrio and Casas Bahia stores) for €560 million. After 2 years of discussion, Casino finally accepted a lower price. Meanwhile, Casino’s Brazilian unit Grupo Pao de Acucar will become the group’s regional parent company.

It will take over the Colombian retailer Exito, which will als

…
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