Announced
Synopsis
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.
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