French retailer Casino has agreed to purchase the 50% stake that it did not already own in retail chain Monoprix. This purchase represents a fairly significant investment in the French market and reflects the unit's relatively strong performance - sales growth of 3% in 2011 and a trading margin of 6.5% - which is well ahead of Casino's overall trading margin of 4%.
Source: http://goo.gl/jO1jf
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