Casino announced on Wednesday that it had reached agreements with Auchan Retail and Groupement Les Mousquetaires, parent company of Intermarché, to sell its supermarkets and hypermarkets in France.

These agreements provide for the sale of 288 stores (and the service stations attached to the stores), on the basis of an enterprise value of between 1.3 and 1.35 billion euros, said Casino in a press release.

(Written by Blandine Hénault, edited by Zhifan Liu)