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French retailer Casino has reached an initial agreement to sell its stake in Colombian grocery store chain Almacenes Exito for $556 million. The deal marks Casino's exit from the South American market as it focuses on its core operations. This move comes as part of Casino's ongoing efforts to streamline its business and reduce debt. The sale of the stake is expected to provide a boost to Casino's financial position and allow it to allocate resources more efficiently.
Gateway Casinos, one of the largest gambling companies in Canada, is considering a sale or other strategic options https://t.co/LyCMVsUpqm
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UK fund manager abrdn to sell private equity unit to Brazil's Patria https://t.co/exM5ygJZ4M https://t.co/wPDVsv0bTz
UK fund manager abrdn to sell private equity unit to Brazil's Patria https://t.co/mWojfZk2xR https://t.co/cnmOR0RCXh
French retailer Casino is selling its stake in Colombian grocery store chain Almacenes Exito for $556 million https://t.co/P9Fuq0JYzy
French retailer Casino agrees initial deal to sell stake in Exito Group https://t.co/IIVQVKInjG https://t.co/b5hovLQI32
⚠️ FRENCH RETAILER CASINO AGREES INITIAL DEAL TO SELL STAKE IN EXITO GROUP Full Story → https://t.co/U2QA2irFaY https://t.co/wQoGq3n0E7