Casino close to selling discount chain Leader Price to rival Aldi

French retailer Casino Guichard Perrachon SA (CASP.PA) is in advanced talks to sell its Leader Price discount chain to German low-cost rival Aldi, at $834 million. In June last year, Casino started a restructuring plan for its Latin American operations which would result in controlling its businesses in Brazil, Colombia, Uruguay and Argentina through a 41.4% stake in Brazilian unit GPA (PCAR4.SA).

Source: Reuters

Categories: Business

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