Casino announced on Monday the sale of its remaining 10.15% stake in GreenYellow for 46 million euros, after reaching an agreement with Ardian and Bpifrance.

Under the terms of the agreement, the sums owed between Casino and GreenYellow, following the sale of the supermarkets and hypermarkets in France to Groupement Les Mousquetaires and Auchan, will be settled, the group explained in a press release.

The net proceeds from this sale should amount to around 46 million euros, and the transaction should be completed before the end of May.

(Written by Lina Golovnya, edited by Kate Entringer)