Casinos News - Guichard-Perrachon
Inter Land Casino online News::::Guichard-Perrachon SA, the main supermarket operative in Paris, intends to sell 2 billion euros of property and get rid of its venture in a store chain amid competition from Carrefour SA. Casino shares rose to the extent that 8.4 percent, the most in three years.
Net profits dropped 37 percent to 344 million euros in 2005 from 547 million euros a year previous; Saint Etienne, France- based Casino said at the moment in a announcement. The company is selling its stake in Cora Group to Louis Delhaize of Belgium to become less dependent on France, where sales are slowing.
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