Casino pulls out of GreenYellow

Casino finalizes the sale of its residual stake in GreenYellow for 46 million euros, marking a crucial milestone in its financial restructuring.

Share:

La sortie de Géant Casino de GreenYellow

Casino Group, a long-standing player in the French retail sector, announced on Monday the sale of its remaining 10.15% stake in GreenYellow to Ardian and Bpifrance. This operation is part of a gradual withdrawal that began in October 2022, when Casino sold the majority of its shares for 600 million euros. The current agreement, which should be finalized before the end of May 2024, is presented as a decisive turning point for Casino, as it refocuses on its core activities while settling its financial commitments.
The amount of the transaction, estimated at around 46 million euros, illustrates the importance of this operation as part of Casino’s overall debt reduction strategy. This amount will be used in particular to settle all mutual receivables between Casino and GreenYellow, resulting in particular from the previous sale of supermarket assets to the Les Mousquetaires group and to Auchan, a transaction facilitated by the accelerated safeguard procedure.

Financial and strategic implications for Casino

This move illustrates Casino’s determination to simplify its financial structure and free itself from non-essential commitments, at a time when the Group also changed shareholders at the end of March. This sale marks the end of Casino’s involvement in the renewable energy sector, a field in which GreenYellow had distinguished itself through innovative initiatives such as the installation of solar panels and the provision of energy performance contracts.
By withdrawing completely from GreenYellow, Casino is closing an important chapter in its history in renewable energy. This transition is also a clear indicator of the Group’s strategic refocusing on its traditional distribution activities, following a period of financial turbulence and major structural readjustments.
The completion of the sale of GreenYellow by Casino illustrates a pragmatic evolution in the management of the Group’s assets, steering Casino towards a more sustainable financial trajectory and a refocusing on its retail activities. This operation demonstrates Casino’s commitment to optimizing its business model and responding effectively to the challenges of the retail market.

.

Spanish energy group Endesa reports strong first-half profit growth but warns of insufficient incentives in the new grid remuneration framework proposed by the CNMC.
The French group posted higher sales and profitability while setting a new record for its investment backlog, driven by the electronics and energy transition sectors.
Bureau Veritas completes acquisitions in cybersecurity in Denmark, nuclear in Germany, and transition services in South Korea, further strengthening its coverage of strategic high-growth markets.
Macquarie finalises the acquisition of Erova Energy, further strengthening its capabilities in the management and optimisation of renewable assets in the United Kingdom and Ireland amid rapid sector growth.
An agreement between Iberdrola and Echelon provides for the creation of a joint venture dedicated to the development of data centres in Spain, including an initial 144 MW site in Madrid, strengthening integration between energy and digital infrastructure.
TenneT strengthened its investments in electricity infrastructure in the Netherlands and Germany, reaching EUR 5.5 bn over six months, while a decision on the financing structure of its German subsidiary is expected in September 2025.
Eni is considering increasing its share buyback programme after financial results exceeded expectations, with reduced debt and revised annual targets in the gas segment.
Despite a sharp decline in sales and prices, Vallourec improved its profitability and issued an upward forecast for its gross operating income in the second half of 2025.
Eni announces a sharp decline in quarterly net profit, the result of lower oil prices and a weaker dollar, while maintaining a strengthened dividend policy and a development trajectory in renewables.
EDF is reassessing its industrial priorities and streamlining investments, as net profit falls to €5.47bn ($5.94bn) in the first half of 2025 due to a weakening electricity market.
Energy group Edison posts increased sales and investments despite a less favourable market environment, advancing its renewables development and strengthening its positions in Italy.
SEGULA Technologies opens an office in Cape Town, strengthening its presence in the African market and targeting expansion in energy, rail, and automotive sectors, in partnership with South African industrial firm AllWeld.
GE Vernova's revenue rose by 11% in the second quarter, driven by momentum in its Power activities, as the US group raised its financial targets for 2025.
The Allrig group is expanding its operations in Saudi Arabia, supported by AstroLabs, to boost energy efficiency and address the growing needs of the local oil sector.
Saipem and Subsea7 formalise their merger agreement, resulting in the creation of Saipem7, an international energy services player with consolidated revenue of €21bn and an order backlog of €43bn.
TotalEnergies reports a significant decrease in net profit and revenue for the second quarter, while relying on growth in its hydrocarbon and electricity production to sustain profitability and global ambitions.
Baker Hughes posted attributable net income of $701 mn in the second quarter, while executing several strategic transactions and strengthening its position in industrial technologies and oilfield services markets.
Equinor announces a 13% decline in adjusted profit for Q2 2025, driven by falling oil prices, despite rising gas prices and production.
Iberdrola launches a EUR5 billion (USD5.87 billion) capital increase to fund the expansion and modernization of its power grids in the UK and the US, while announcing a decline in its half-year profit.
Halliburton reports a 50% drop in net income and nearly a 6% reduction in revenue for Q2, with demand in North America remaining particularly weak.