Casino Group Says It Was Contacted by Carrefour for a Combination
24 September 2018 - 2:41PM
Dow Jones News
By WSJ Staff
Casino Guichard-Perrachon SA (CO.FR), also known as Casino
Group, said Sunday it was contacted by Carrefour SA (CA.FR) over
the past few days "with a view to a possible combination."
In a news release, Casino said its board met Sunday and
unanimously decided to "reject Carrefour's approach."
"Casino thus intends to take all necessary action to defend the
group's corporate interest, and its structural integrity, a key
factor for the success of its strategy," the company said.
Casino, a retailer that is based in the French city of
Saint-Étienne, "acknowledged the barriers, in France and in Brazil,
to a combination with Carrefour, especially in terms of competition
and employment."
In a separate news release, retailer Carrefour denied having
solicited Casino. Carrefour is based in Boulogne-Billancourt, a
commune in the western suburbs of Paris.
(END) Dow Jones Newswires
September 24, 2018 00:26 ET (04:26 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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