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France: Auchan unloads 55 stores for Casino acquisition

By  |  May 12, 2014

France-based retailer Auchan has reportedly agreed to sell 55 stores to appease the French Competition Authority and gain approval to acquire 25 Casino stores in Paris.

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    Auchan first looked to acquire the stores to develop its supermarket assets; additional Casino locations are set to be acquired by independent group G20, according to reports.

    Financial details of the transactions were not disclosed in reports.

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