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Sun 1 Oct 2006 04:00 AM

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Groupe Casino cuts losses

French retailer Groupe Casino has reduced its debts by €50 million (US $63.9 million) and is set to raise more than €1.5 billion (US $1.91 billion) by the disposal of its Taiwan outlets announced to date. The company is confident that it can raise a further €2 billion (US $2.5 billion) by continuing its disposal program by the end of 2007.

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