Omega Management logo

Casino gets 3 preliminary offers for GreenYellow energy business – source

A logo of French retailer Casino is pictured outside a Casino supermarket in Nantes, France, July 20, 2017. REUTERS/Stephane Mahe

Register now for FREE unlimited access to Reuters.com

Register

PARIS, June 7 (Reuters) – French retailer Casino (CASP.PA) has received three preliminary offers for its renewable-energy business GreenYellow, with bids around 1.5 billion euros ($1.60 billion) each, a source with knowledge of the matter said on Tuesday.

Macquarie (MQG.AX) I Squared Capital and Dutch company SHV had made preliminary offers as of June 2, the source said, adding that other potential bidders had asked for more time to put together a possible offer.

BFM TV earlier on Tuesday said GreenYellow had not attracted much interest from potential buyers in the French energy sector, hitting Casino shares in early trade.

Register now for FREE unlimited access to Reuters.com

Register

They were down 5% at 16.85 euros by 1449 GMT.

Casino, which has…

Read more…