Leroy Merlin's parent company sells the walls of 42 stores

Adeo, parent company of Leroy Merlin belonging to the Mulliez family, sold the real estate of 42 stores in Europe for 500 million euros as part of a

, confirms the family group Monday in

.

According to the newspaper which quotes a law firm, the assets sold for

are located in France, Italy, Spain and Portugal and are

.

The buyers are the Batipart real estate company and the Covéa mutual insurance group company, which respectively acquire 41% and 39% of the structure created for the acquisition of the premises, Adeo keeping 20%.

“This is a rebalancing between directly owned assets and leased assets which concerns a very small part of our fleet. We remain majority owners by holding 72% of the square meters that we operate ”

, wrote to Echos the Mulliez Family Association (AFM), a galaxy at the head of other brands including Auchan (which announced the elimination of nearly 1,500 positions at the beginning of September), Boulanger or Decathlon.

, specifies the AFM, which also affirms that the