Casino Group has agreed to sell its 567 Leader Price stores and 3 warehouses located in metropolitan France, to Aldi for an enterprise value of €735m (including a €35m earn-out, paid in the event of compliance with operational indicators during a transition period). With this agreement, the transferred Leader Price stores will develop under the Aldi banner and will benefit from the commercial dynamics of Aldi France.
Casino Group will remain the owner of the Leader Price brand in order to continue to operate it under certain conditions agreed with Aldi, in France and internationally. The sale will take place after consultation with employee representative bodies and subject to obtaining the authorization of the French Competition Authority.
