Casino’s re-stacking of shelves reaches Big C, Casino's Thai business. Casino sold its Thai assets in order to cut debt (gearing at 125% in 2014) and to protect as much as possible its dividend. As part of its deleveraging plan, Casino also plans to sell its Vietnamese holdings so that it will end up focusing on its French and LatAm operations. The Asian business contributed 9% to FY 2015 consolidated sales and 24% to the underlying operating profit.
12 Feb 2016
Big C is no longer Casino’s Thai business
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Big C is no longer Casino’s Thai business
Casino, Guichard-Perrachon SA (CO:PAR) | 0 0 0.8% | Mkt Cap: 5,066m
- Published:
12 Feb 2016 -
Author:
Ranya GNABA -
Pages:
2
Casino’s re-stacking of shelves reaches Big C, Casino's Thai business. Casino sold its Thai assets in order to cut debt (gearing at 125% in 2014) and to protect as much as possible its dividend. As part of its deleveraging plan, Casino also plans to sell its Vietnamese holdings so that it will end up focusing on its French and LatAm operations. The Asian business contributed 9% to FY 2015 consolidated sales and 24% to the underlying operating profit.