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 The Venezuelan mission at the United Nations in Geneva has sent a notice to the Office of United Nations Commissioner for Human Rights (UNCHR) labeling as "unreasonable" the latter's petition to release Venezuelan opposition leader Leopoldo López.
HUMAN RIGHTS Spanish President Mariano Rajoy and Lilian Tintori, the wife of Venezuelan opposition leader Leopoldo López, gathered on Wednesday in Madrid. At the meeting, Rajoy expressed his concerns about the detention of the dissenter, whose immediate release was requested by the United Nations in a resolution issued recently.
LOPEZ'S CASE Lilian Tintori, the wife of detained opposition leader Leopoldo López, asserted on Tuesday that "justice is militarized in Venezuela," because the Venezuelan government "has not observed" the resolution issued by the Working Group on Arbitrary Detention of the United Nations (UN) asking for the release of her husband.