Casino raises 200 million euros through real estate sale to Tikehau Capital

Tikehau Capital SCA

27/09/2024 07:40

PARIS, Sept 27 (Reuters) - French supermarket retailer
Casino  CASP.PA  sold commercial real estate assets worth over
200 million euros  ($223.48 million) to investment firm Tikehau
Capital, it said on Friday, adding that it would use the cash to
reduce its pile of debt. 
    Casino, which last year clinched a deal with Czech
billionaire Daniel Kretinsky to avert bankruptcy, is going
through restructuring proceedings, including massive job cuts
and asset sales.
     
($1 = 0.8949 euros)

 (Reporting by Tassilo Hummel; Editing by Benoit Van
Overstraeten)
 ((tassilo.hummel@thomsonreuters.com ; Twitter handle:
@tassilo_hummel;))