Casino plans US listing for combined e-commerce businesses

Wednesday 7 May 2014 | 10:56 CET | News
French retail group Casino has announced a project to create an e-commerce platform combining the businesses of Cdiscount in France, Colombia, Thailand and Vietnam, and Brazil's Nova Pontocom, a joint venture between Casino's GPA and Viavarejo. The transaction would create an international e-commerce pure-player with USD 4.1 billion of business volumes in 2013. Casino is considering listing the combined entity on a US stock market to accelerate its growth and increase its visibility. The project is being studied by the companies involved and will be submitted for approval to the required

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Categories: Internet
Companies: Casino / Cdiscount Mobile / Nova
Countries: Brazil / France / United States
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