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PARIS (Reuters) - Supermarket retailer Casino announced on Monday a 1.5 billion euro (1.3 billion pounds) asset sale plan to be completed in early 2019, part of a strategy to reduce its debts in France.
Casino said the plan complemented its ongoing disposal of Via Varejo assets in Brazil and would enable it to reduce its net debt in France by about 1 billion euros by the end of this year.
Casino's credit rating was cut to junk by Standard & Poor's in March 2016.
Casino said the plan complemented its ongoing disposal of Via Varejo assets in Brazil and would enable it to reduce its net debt in France by about 1 billion euros by the end of this year.
Casino's credit rating was cut to junk by Standard & Poor's in March 2016.