U.S. FIG funds closes $568.3 mln acquisition of 26 Casino assets

03/18/2019 11:28:00 AM (GMT)

U.S.-based investment management firm Fortress Investment Group (FIG) announced that its affiliates have closed on the acquisition of 26 casino properties run by French mass retailing company Casino Group.

Under the pact, Fortress Investment Group paid about 501 million euros ($568.3 million) to Casino Group for the assets.

The acquisition included 13 Géant Casino, 3 Hyper Casino and 10 Casino Supermarket properties.

Moreso, Casino Group said it remains associated with the value creation via a stake in the funds managed by Fortress Investment Group.

Fortress Investment Group

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