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Casino, Gal. Lafayette settle Monoprix spat

PARIS (Reuters) – French retailer Casino agreed to pay 1.175 billion euros ($1.46 billion) for the half of Monoprix it did not already own, calling a truce with department store owner Galeries Lafayette, its partner in the joint-venture. The agreed price is substantially more than the 700 million Casino had initially said the 50 percent stake in the food and fashion joint venture was worth, but …

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