By Anthony Shevlin

Casino Guichard-Perrachon SA (CO.FR) said Tuesday that it has completed the sale of more stores.

The French retailer received 39 million euros ($44.2 million) for the sale of three hypermarkets, four Casino supermarkets and one Leader Price store.

The company said it has received a total of EUR134 million from the disposals of loss-making stores, resulting in a trading profit of EUR24 million.

Casino says its other disposals are continuing according to plan and that these hypermarket disposals are not part of its plan to sell nonstrategic assets which it extended to EUR2.5 billion in March.

Write to Anthony Shevlin at anthony.shevlin@dowjones.com; @anthony_shevlin

(END) Dow Jones Newswires

July 02, 2019 02:26 ET (06:26 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.
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