French supermarket retailer Casino, which has embarked on a programme to relinquish assets worth around EUR2bn (US$2.39bn) by 2007, has sold its future HQ in St Etienne to UK investment fund Matrix Securities for EUR 86.3m.

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Casino will rent the property, which will house 2,200 staff in 40,000 square metres of office space from May next year.
 
Assets-shedding includes the sale of the 42.39% stake in its Belgian subsidiary, GMB, to Louis Delhaize for EUR 850m and the sale of 15% of the capital in its property arm Mercialys for EUR 20m.
 
The group is also looking for a buyer for its cafeterias, which could raise between EUR 500m to EUR 600m.

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