Leader Price Casino Vente

SUPERMARKETS: The Casino group is no longer in exclusive negotiations with Aldi for the acquisition of Leader price

1. In the midst of the coronavirus crisis, the Casino group has just announced this Friday morning the sale of its Leader Price stores to the German discounter, Aldi. 'From the moment a sales agreement was signed, we had a legal obligation to announce it immediately,' said the spokesperson for the group.
2. Debt-laden French retailer Casino has agreed to sell 567 Leader Price stores in France, plus three warehouses, to German discount rival Aldi in a deal with an enterprise value of 735 million euros.

Casino ha sottoscritto un accordo con cui si impegna a vendere i suoi 567 negozi Leader Price e tre magazzini ad Aldi France per il valore di circa 735 milioni di euro. I negozi Leader Price interessati dall’operazione saranno convertiti nell'insegna Aldi.

The 700 Leader Price stores are still for sale. And contrary to what had been announced in January, the Aldi chain is not the only interested in this acquisition, according to information from Business Insider.

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In September 2019, the German hard discounter entered into exclusive negotiations with Casino for the takeover of the Leader Price supermarket park. The amount of the transaction was estimated at more than 400 million euros at the time. In January, we learned that the two parties had agreed on an amount of 750 million.

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Objective: to go beyond Lidl

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The Casino group would now have more choices to sell Leader Price, which it became the owner in 1997. Since December 2019, other players have “shown interest” in the store base and “have had access to information from the disposal, ”says Business Insider. Aldi and Casino are still in negotiations.

Leader Price Casino Vented

A decision could also fall within a few weeks. The expectation comes from “the complexity [of the file] linked to the different statuses of the 700 Leader Price stores”. If Aldi, which has around 900 points of sale in France, concludes this purchase, it could catch up with Lidl, its competitor. In 2019, the German distributor’s market share represented 2.4% compared to 5.9% for Lidl, which has 1,500 stores in the territory.