Casino Gains as $1.8 Billion Sale Plan Eases Debt Concern
Casino Guichard-Perrachon SA shares soared after the French retailer announced a plan to divest 1.5 billion euros ($1.8 billion) of assets such as store sites in a bid to cut its debt. The stock rose as much as 9.6 percent Tuesday in Paris after trading at the lowest level in 21 years Monday. The stock erased part of its initial gains, trading at 34.12 euros, up 3.7 percent, as of 11:52 a.m. in Paris.