Groupe Casino considers selling its discount store chain Leader Price to low-cost rival Aldi.

Debt-laden French retailer Casino is in talks to sell its French discount store chain Leader Price to German low-cost rival Aldi, Casino said. The move comes as Casino CEO and controlling shareholder Jean-Charles Naouri is hunting for ways to decrease the company's debts in part via asset sales. Casino said in a statement that following an expression of interest from Aldi France, the two groups had "entered into discussions with a view to having Aldi France submit a binding offer," Les Echos said.