French retailer Casino sells 3% stake in Mercialys

Industry: Retail 2021-12-10

French retailer Casino said on Thursday it had completed the sale of a 3% equity stake in commercial property company Mercialys, cashing in 24 million euros ($27.10 million).

The sale, made through a total return swap (TRS) of maturity March 2022, reduces Casino’s stake in Mercialys in terms of voting rights to 16.9% from 16.9%, the statement said.

Source: Reuters.com

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