14th Feb 2019 07:33
LONDON (Alliance News) - Casino Guichard Perrachon SA on Thursday said it has agreed to sell its contract catering services, R2C, to Compass Group PLC.
No financial details of the transaction were given. The deal is expected to complete by the end of the first half of 2019, subject to French competition approval.
"With this operation, the Casino Group is pursuing the initiatives already under way to significantly increase its profitability and strengthen its financial profile, in line with its strategic priorities," Casino said in a statement.
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