Casino Group might sell Vietnam Big C

(VOVworld) - Casino Group may sell its Big C supermarket chain in Vietnam as it seeks to strengthen its financial flexibility by selling assets in Vietnam, as well as Thailand and Colombia, the French retailer said in a release.

Casino Group might sell Vietnam Big C - ảnh 1


In 2016 it hopes to carry out a deleveraging plan worth more than 2 billion euros mainly through real estate transactions and disposal of non-core assets, including its operations in Vietnam, consisting of 32 Big C outlets. It will also seek to bring in investors into its real estate operations in Thailand and Colombia. Big C is among several major foreign retailers in Vietnam and a big player in the country's retail sector.

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