June 13, 2018 |
France's Casino could offload Brazilian e-commerce retailer Via Varejo as part of a wider €1.5bn ($1.76bn) asset sale by early 2019, according to a statement on the French retailer's website.
When contacted by LatinFinance, investor relations at Via Varejo were not aware of any changes, and while market analysts have talked of potential buyers, no firm proposal had been presented or seen.
“We have heard of Carlyle, Advent, which just grabbed Walmart so not likely, 3G, Best Buy, Chile’s Falabel
Brazilian retailer's French parent chases roughly $1.76bn in cash from divestments to lower debt