Casino, Guichard-Perrachon S.A. (ENXTPA:CO) entered into exclusive negotiations with Groupement Les Mousquetaires and Auchan Retail International S.A. to sell almost all of its hypermarkets and supermarkets for EUR 1.35 billion ($1.47 billion), excluding real estate. The embattled French supermarkets owner said December 18, 2023 that talks covered more than 300 stores that represented sales of around EUR 3.6 billion in 2022, excluding value-added tax and petrol. Negotiations exclude hypermarkets and supermarkets in Corsica.

The value of the planned transaction excludes real estate for now, though Casino said some real-estate assets could be included in a potential deal. The group said it plans to channel proceeds to support its financial restructuring plan. Casino shares will resume trading on December 19, 2023.