PHILLIPINES: Uniwide unit buyout approved by Casino shareholders
Following last week's news that Casino was planning to buy out 40% of the struggling Philippine Uniwide unit Fil-Franc Realty & Resources Inc, it has been announced that shareholders of the French retail giant have approved the deal.The Filipino company completing negotiations to own the remaining 60% is still remaining anonymous.
Following last week’s news that Casino was planning to buy out 40% of the struggling Philippine Uniwide unit Fil-Franc Realty & Resources Inc, it has been announced that shareholders of the French retail giant have approved the deal.
The Filipino company completing negotiations to own the remaining 60% is still remaining anonymous.
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