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By Olivia Bugault


Casino Guichard-Perrachon SA said late Monday that it has completed the disposal of a 6.5% stake in Mercialys SA in a total return swap.

The French retail group said proceeds amount to 59 million euros ($66.7 million). Its voting rights in Mercialys have been cut to 10.3% from 16.8%.

In December, Casino announced the disposal of a 3% stake in the French real-estate company.


Write to Olivia Bugault at [email protected]


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