Casino : Sale of Leader Price to Aldi provides reassurance on both the feasibility of Casino’s disposal plan and asset valuations during the COVID-19 outbreak
>Leader Price sold to Aldi despite COVID-19 crisis - Casino has signed an agreement with the Aldi group for 567 Leader Price stores (of the 637 outlets in the chain) and 3 warehouses for an EV of € 735m (with € 35m subject to operating conditions). With this acquisition Aldi's market share is set to be nearly 4% vs 2%, which will help shore up the position of Aldi France, which has been seriously at risk of being side-lined by its archrival, Lidl, which has 6.5% of th...Casino Guichard-Perrachon is a food retailer based in France. Co. operates hypermarkets, supermarkets, discount stores, convenience stores and cafeterias. Co.'s stores are discount stores selling groceries and consumer goods, and providing services like financial and insurance services, real estate, and restaurants. Co. operates hypermarkets under the brand Geant Casino; urban and rural supermarkets under the brand Casino Supermarches; city-centre supermarkets under the brand Monoprix; convenience/national superettes under the brands Petit Casino, Vival and Spar; covenience-paris area stores under the brand Marche Franprix; and discount stores under the brand Leader Price.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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