Casino sells remaining 10.15% stake in energy unit GreenYellow for 46 mln euros

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PARIS, May 13 (Reuters) - French food retailer Casino CASP.PA said it has sold 10.15 % of its remaining stake in renewable energy unit GreenYellow for 46 million euros to investment fund Ardian and French state-backed investment bank Bpifrance.

In July 2022, Casino and partners agreed to sell a majority stake in GreenYellow to Ardian, based on an enterprise value of 1.4 billion euros.

At the time, Casino owned 76% of GreenYellow, which installs solar panels on supermarket roofs, produces low-cost electricity and helps lower companies' power consumption.

Casino has sold a string of assets - including its supermarkets - to shore up its balance sheet. The firm said in March it had completed its financial restructuring under a leadership team formed around Czech billionaire Daniel Kretinsky.




(Reporting by GV De Clercq, Editing by Louise Heavens)

((geert.declercq@tr.com;))

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