Casino to Sell 24% Stake in Solar Subsidiary
15 Oktober 2018 - 7:37AM
Dow Jones News
By Nathan Allen
Casino Guichard-Perrachon SA (CO.FR) said late Friday that
Tikehau Capital SCA (TKO.FR) and Bpifrance will take a 24% stake in
its solar-energy subsidiary GreenYellow.
The two new investors will take on the stake in GreenYellow via
a capital increase of 150 million euros ($173.3 million), Casino
said.
The deal, which is expected to close in December, will allow
GreenYellow to accelerate the development of markets in France and
abroad, Casino said.
Write to Nathan Allen at nathan.allen@dowjones.com
(END) Dow Jones Newswires
October 15, 2018 01:22 ET (05:22 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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