The French group CASINO (sales of EUR 15.15 billion in 1999) has acquired a controlling share of the Philippine chain UNIWIDE, which includes ten hypermarkets, a logistics centre and five sites for expansion, with a total estimated value of 4 billion Philippine pesos. UNIWIDE has been declared bankrupt with debts of close to USD 250 million. CASINO will initially acquire 60% of its capital for EUR 58.54 million and hopes to raise its share to 90% later. The potential sales of the ten...