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Casino’s GreenYellow Said to Raise About 200 Million Euros

A GreenYellow renewable energy site in the parking lot of a Geant Casino hypermarket in Marseille, France.

A GreenYellow renewable energy site in the parking lot of a Geant Casino hypermarket in Marseille, France.

Photographer: Theo Giacometti/Bloomberg
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Casino Guichard-Perrachon SA’s renewable-energy arm GreenYellow may announce as soon as this week that it has raised financing of about 200 million euros ($226 million), according to people familiar with the transaction.

The financing will help fund growth before it carries out an initial public offering that was initially due to take place last year but was deferred due to market conditions, said the people, who asked not to be identified as the plans aren’t yet public.