L R AS Published on Wednesday 15 June 2022 - n° 408 - Categories:French companies
Casino's sale of GreenYellow does not attract interest
According to BFM Business, Casino's sale of its GreenYellow subsidiary is not attracting any industrialists, just a few investment funds.
Casino needs to sell this asset to reduce its debt, which has reached six billion euros.
Casino had hoped to make €1.5 billion from the sale. Instead, it is estimated to be worth just one billion. This is because its business model is difficult to understand. The company offers energy performance diagnostics and efficiency gains through the installation of renewable energy systems. "They mainly have contracts, not projects, which they keep for the long term.
Tecsol of 7 June 2022
