Auchan likely buyer for half of Paris stores being sold by Casino
The French, privately-owned, retail group Auchan is understood to have agreed to acquire about 25 stores currently owned by the listed competitor Casino Guichard Perrachon, French weekly LSA reported.
The French competition authority previously cleared the acquisition for the sole control of Monoprix SA by Casino Guichard Perrachon subject to conditions, including the divestment of 55 stores in Paris.
The unsourced report said the deal is currently closing and that French retailers Carrefour and Intermarche did not manage to acquire a single outlet, while Systeme U could acquire one store only.
The listed, UK retailer Marks & Spencer could acquire 6 stores, while independent retailer G20 could have agreed to buy 7 stores, the report added.
Source LSA