login
login
Image header Agence Europe
Europe Daily Bulletin No. 7729
Contents Publication in full By article 42 / 46
ECONOMIC INTERPENETRATION / (eu) distribution

The French CASINO carried out two operations in Latin America: i) it took control of DEVOTO (annual turnover of EUR 193 million), largest supermarket chain in Uruguay. This operation was carried out by DISCO (annual turnover of EUR 207 million), 50% subsidiary of the French group, who thus doubles its network by adding 21 supermarkets to the 20 it already owns; ii) it took a majority stake of 50,01% in CATIVEN (turnover of EUR 429 million in the next quarter), a Venezuelan company owning 48 "Cada" supermarkets and two "Super Maxy's" hypermarkets. The French will acquire 35% of the capital from the present Colombian minority shareholders for EUR 49.3 million and will acquire the rest through a capital increase of EUR 50.4 million.

Contents

THE DAY IN POLITICS
GENERAL NEWS
ECONOMIC INTERPENETRATION