French retailer Casino CASP.PA has received four preliminary offers of around 1.5 billion euros ($1.56 billion) each for its renewable energy business GreenYellow, including one from Ardian, a source with knowledge of the matter said on Tuesday.
Casino, which has embarked on a plan to sell non-core assets to cut debt, said last month that it had launched a process to sell GreenYellow, aiming to seal a potential deal by the end of the year.
The source said investmentn fund Ardian had made its offer at the end of last week. Ardian declined to comment.
A decision on the deal is expected next month, the source said.
Last week, two sources said Macquarie (MQG) , I Squared Capital and Dutch company SHV had made preliminary bids for GreenYellow as of June 2 at around 1.5 billion euros each, and that other potential bidders had asked for more time to put together a possible offer.
($1 = 0.9602 euros)
News: MQG Casino has four offers for GreenYellow energy business- source
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$223.62 |
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-2.550(1.13%) |
Mkt cap ! $85.23B | |||
| Open | High | Low | Value | Volume |
| $226.12 | $226.12 | $221.09 | $131.9M | 591.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 214 | $223.56 |
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| Price($) | Vol. | No. |
|---|---|---|
| $223.62 | 508 | 2 |
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