Stock Market News
Casino says it plans to sell renewable energy unit
2022.05.16 08:42
People walk past a Casino supermarket in Nice, France, January 31, 2022. REUTERS/Eric Gaillard/Files
PARIS (Reuters) – French retailer Casino said in a statement it has launched a process to sell its renewable energy unit GreenYellow with a view to a potential transaction by the end of the year.
On Friday, French financial daily Les Echos reported that French energy giant TotalEnergies and power company Engie are eyeing the acquisition of GreenYellow, valued at around 1.5 billion euros ($1.6 billion).
Casino – which said its statement was in response to market rumours reported by the press – said that no binding offer has been received by Casino to date, and no final decision had yet been made on this project.
