Casino Group: Casino Group has signed an agreement with Aldi France
20 Mars 2020 - 7:39AM
Casino Group: Casino Group has signed an agreement with Aldi France
Casino Group has signed an agreement with
Aldi France for the sale of Leader Price stores and warehouses in
mainland France, for 735 million euros
Paris, March 20th, 2020,
Casino Group today announces that it has signed
a unilateral promise to sell to Aldi France 3 warehouses and 567
stores in the Leader Price perimeter in mainland France, for an
enterprise value of €735 million (including a €35 million earn-out,
paid in the event of compliance with operational indicators during
a transition period).
With this agreement, the transferred Leader
Price stores will develop under the Aldi banner and will benefit
from the commercial dynamics of Aldi France.
Casino Group will remain the owner of the Leader
Price brand in order to continue to operate it under certain
conditions agreed with Aldi, in France and internationally.
The sale will take place after consultation with
employee representative bodies and subject to obtaining the
authorization of the French Competition Authority.
Disclaimer This press release was
prepared solely for information purposes and should not be
construed as a solicitation or an offer to buy or sell securities
or related financial instruments. Similarly, it does not give and
should not be treated as giving investment advice. It has no
connection with the investment objectives, financial situation or
specific needs of any recipient. No representation or warranty,
either express or implicit, is provided in relation to the
accuracy, completeness or reliability of the information contained
herein. It should not be regarded by recipients as a substitute for
exercise of their own judgement. All opinions expressed herein are
subject to change without notice
ANALYST AND INVESTOR
CONTACTSRégine GAGGIOLI – +33 (0)1 53 65 64 17
rgaggioli@groupe-casino.fror
+33 (0)1 53 65 24 17
IR_Casino@groupe-casino.fr
PRESS
CONTACTSCasino Group – Direction
of CommunicationStéphanie ABADIE -
sabadie@groupe-casino.fr - +33 (0)6 26 27 37 05
or
+33(0)1 53 65 24 78 -
directiondelacommunication@groupe-casino.fr
Agence IMAGE 7Karine
ALLOUIS - +33 (0)6 11 59 23 26 -
kallouis@image7.frFlore LARGER – Tel : +33(0)6 33 13 41 50 -
flarger@image7.fr
- 2020.03.20 - PR - Casino Group has signed an agreement with
Aldi France
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