French retailer Casino Guichard is exploring options to sell its stake in Green Yellow, a renewable energy provider, according to sources. They said that Casino discussing whether it should potentially sell a part or all of its 73% holding. Estimates are that a stake sale would be done at a valuation of €1bn ($1.1bn) for Green Yellow, and that discussions are at early stages. Casino Guichard has intended to sell about €1.3bn of assets by the end-2023 to reduce its debt pile. The French retailer is valued at €1.7bn ($1.9bn).

Casino’s bonds were trading marginally higher with its EUR 3.992% Perp up 0.3 points to 48.53.

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