Casino Guichard is a large Frenchmultinational company, part of CAC 40 index, whose main business is with retail and distribution in megamart. A multinational corporation (MNC) or transnational corporation (TNC) is one that spans multiple nations; these corporations are often very large. ... Price evolution of the CAC 40 between March 1, 1990 and February 1, 2005 The CAC 40 is a French stock market index, a benchmark index for the Paris Bourse (stock exchange). ...
CasinoGuichard Perrachon SA, the owner of France's Monoprix supermarket chain, said Tuesday it is exercising an option to buy 24.5 percent of Exito, Colombia's largest food retailer, for about 230 million euros ($298 million).
CasinoGuichard currently has a 38.6 percent stake in Exito.
CasinoGuichard shares dipped 0.2 percent to 68.50 euros ($88.62).
Casino Guichard-Perrachon et Cie plans to inject an additional 2 bln pesos into Uniwide Holdings Inc for the firm's local retail operations, Uniwide chairman Jimmy Gow said.
"Casino may invest up to 2 bln pesos to stock up on inventory and to refurnish the store," Gow told reporters, adding the investment is additional to Casino's 3.57 bln pesos equity infusion.
Casino earlier forged a deal to acquire, in partnership with a local group, an 89.2 pct stake in Uniwide for 3.57 bln pesos.
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