Retailer Casino's parent Rallye gets bid offer for sports arm

Finatis SA

22/10/2018 06:44

PARIS, Oct 22 (Reuters) - Rallye  GENC.PA , the holding
company that controls French supermarket retailer Casino
 CASP.PA , has received an offer for its 'Courir' sports brand,
with both companies keen to sell assets and trim debts.
    Private equity firm Equistone Partners Europe had made a
binding offer for Courir for an equity value of 283 million
euros ($326 million), and that the deal could be completed in
the first half of 2019, Rallye said on Monday.
    
    ($1 = 0.8687 euros)

 (Reporting by Sudip Kar-Gupta, Editing by Sherry
Jacob-Phillips)
 ((sudip.kargupta@thomsonreuters.com; +33 1 49 49 53 84;))