- French retailer Casino Group or Casino Guichard Perrachon SACGUSY has launched a process to sell its energy subsidiary GreenYellow.
- Energy giant TotalEnergies SE TTE and power company ENGIE SA ENGIY were in the fray to acquire GreenYellow, valued at about $1.56 billion, Reuters reported.
- GreenYellow had raised about €200 million in February to support future growth.
- Casino targets to close the transaction by 2022 end.
- Price Action: TTE shares closed higher by 3.50% at $53.50 on Friday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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