French retailer group Casino said on Monday that the nationalization by the government of Hugo Chávez of its subsidiary Éxito stores in Venezuela, which is also owned by a Colombian company, "changes nothing for the growth outlook and profitability of the group," a spokesperson of the company said.
Éxito, which is located in Venezuela, represents "about 1 percent" of the current turnover of the French retailer and the contribution of the Venezuelan unit to the group profit was "almost zero," said the source.
Questioned about whether the group would file any legal complaint, the source said that the company "is assessing the situation."
Casino owns 67.1 percent of Cativen, a subsidiary which operates six Exito hypermarkets and around 35 Cada supermarkets in Venezuela.
LOPEZ CASE HRW endorsed the UN High Commissioner for Human Rights' call on Venezuela to release Leopoldo López.
LOPEZ CASE Without giving many details, Venezuelan Congress' Speaker Diosdado Cabello has claimed he saved opposition leader Leopoldo López's life, adding that there were no negotiations whatsoever days before the dissenter turned himself in to the Bolivarian National Guard earlier this year. "He (López) knew it (information about his possible assassination), too. Why did he turn himself in? He and his family were aware of that," said the legislator in an interview with daily newspaper El Universal.
HUMAN RIGHTS The UN High Commissioner for Human Rights, Zeid Ra'ad Al Hussein, expressed serious concern on Monday at the continued detention of Venezuelan opposition leader Leopoldo López, as well as more than 69 other people who were arrested in the context of public protests that took place across Venezuela over several months starting in February this year.