Paris / FR. (gcfr) Casino Group announces that it has signed a unilateral promise to sell to Aldi France 3 warehouses and 567 stores in the Leader Price perimeter in mainland France, for an enterprise value of EUR 735 million (including a EUR 35 million earn-out, paid in the event of compliance with operational indicators during a transition period). With this agreement, the transferred Leader Price stores will develop under the Aldi banner and will benefit from the commercial dynamics of Aldi France. Casino Group will remain the owner of the Leader Price brand in order to continue to operate it under certain conditions agreed with Aldi, in France and internationally. The sale will take place after consultation with employee representative bodies and subject to obtaining the authorization of the French Competition Authority.
OTHER TOPICS FROM THIS SECTION FOR YOU:
- Valeo Foods: Announces Acquisition of I.D.C. Holding
- Harry-Brot: becomes official partner of Hamburger SV
- Hain Celestial: completes sale of a snack brand
- Brynwood Partners: Acquires Miracapo Pizza Company
- Lantmännen: invests 105 million euros in protein plant
- Corbion: Announces New Leadership Appointments
- Signature Flatbreads: Unveils 150 Million Investment Plan
- GrubMarket: Acquires FreshGoGo eCommerce platform
- North Dakota Mill: announces record profits in FY-2023
- Mangal x LP10: Kebab Franchise to Roll Out Up To 2400 Food Robots
- Smucker Company: announces Q1 fiscal 2025 results
- DPC Dash: Announces 2024 Interim Financial Results
- Ardent: Announces Further Investment in Colorado Mill
- SOK Corporation: Sales increased in H1-2024
- Campbell: Sells Pop Secret Business to Our Home
- Red Robin: Reported Results for Fiscal Q2-2024
- Lancaster Colony: Reports Q4 And FY-2024 Results
- Axfood AB: to close down its meal kit company
- Kroger: Files Motion to Enjoin the FTCs Merger Challenge
- ICA Gruppen: announces second quarter 2024 report
