PARIS -- French supermarket company Casino Guichard-Perrachon & Cie. said it plans to sell a number of real-estate assets for €650 million ($932 million) as it further restructures its property portfolio.
Analysts welcomed Friday's sale-and-leaseback deal for its role in improving the company's debt-to-earnings profile, but said it wouldn't radically change the company's operating results.
"We believe that these deals should be taken positively given the resilient see-through yields, the marginal earnings-per-share enhancement and the group's resultant financial leverage position," Dresdner Kleinwort said in a note.
