casino guichard perrachon sa annual report

This project remains subject to a binding agreement between the parties, which could be reached before the end of the first quarter of 2024, and of which the market will be kept informed. It should be noted that the consortium (EP Equity Investment III s.à.r.l, Fimalac and Trinity Investments Designated Activity Company) has given its prior approval to enter into exclusive discussions, in accordance with the lock-up agreement dated 5 October 2023 and still in force. This transaction is notably subject to the completion of the financial restructuring of Casino Group.

These discussions will be submitted for consultation with employee representative bodies, the relevant regulatory authorities and the respective governing bodies of Casino Group, Groupement Les Mousquetaires and Auchan Retail. The proceeds will be used to support the planned financial restructuring, investment in the retained perimeter, and social support for the concerned employees. All employees of the transferred stores would be taken over by Groupement Les Mousquetaires and Auchan Retail.Ĭertain real estate assets could also be included in the scope of the transaction.

The scope of integrated stores represents total sales for 2022 of around 3.6 billion euros excluding VAT (excluding petrol) for 313 stores. Casino Group announces exclusive discussions with Auchan Retail and Groupement Les Mousquetaires for the sale of Casino hypermarkets and supermarketsĬasino Group, on the one hand, and Groupement Les Mousquetaires and Auchan Retail, on the other hand, announce that they have entered into exclusive negotiations today with a view to the proposed sale by Casino Group of substantially all of Casino Group's hypermarkets and supermarkets 1 to Groupement Les Mousquetaires and Auchan Retail, based on a fixed enterprise value of 1.35 billion euros (excluding real estate).

Casino guichard perrachon sa annual report