Casino Group Communication
18 Décembre 2023 - 4:30PM
Casino Group Communication
Casino Group announces exclusive
discussions with Auchan Retail and Groupement Les Mousquetaires for
the sale of Casino hypermarkets and supermarkets
Paris, 18 December 2023
Casino 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 supermarkets1 to Groupement Les
Mousquetaires and Auchan Retail, based on a fixed enterprise value
of 1.35 billion euros (excluding real estate).
The scope of integrated stores represents total
sales for 2022 of around 3.6 billion euros excluding VAT (excluding
petrol) for 313 stores. All employees of the transferred stores
would be taken over by Groupement Les Mousquetaires and Auchan
Retail.
Certain real estate assets could also be
included in the scope of the transaction.
The proceeds will be used to support the planned
financial restructuring, investment in the retained perimeter, and
social support for the concerned employees.
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.
This transaction is notably subject to the
completion of the financial restructuring of Casino Group.
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 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.
Listing of Casino shares, suspended today, will
resume tomorrow morning at the opening of the market.
***
This press release was prepared solely for
information purposes and should not be construed as, nor
constitute, a solicitation or an offer to buy or sell securities or
related financial instruments. Likewise, it does not provide and
should not be treated as providing investment advice. It has no
connection with the specific investment objectives, financial
situation or needs of any receiver. No representation or warranty,
either express or implied, is provided in relation to the accuracy,
completeness or reliability of the information contained herein.
Recipients should not consider it as a substitute for the exercise
of their own judgement. All the opinions expressed herein are
subject to change without notice.
***
ANALYSTS AND INVESTORS CONTACTS
Christopher WELTON -
cwelton.exterieur@groupe-casino.fr - Tel: +33 (0)1 53 65 64
17orIR_Casino@groupe-casino.fr - Tel: +33 (0)1 53
65 24 17
PRESS CONTACTS
Casino Group – Communications
Director
Béatrice MANDINE –
bmandine@groupe-casino.fr - Tel: + 33 (0)6 48 48 10
10ordirectiondelacommunication@groupe-casino.fr -
Tel: + 33(0)1 53 65 24 78
Agence IMAGE 7
Karine Allouis - kallouis@image7.fr - Tel: +33
(0)6 11 59 23 26
Laurent Poinsot - lpoinsot@image7.fr - Tel: +
33(0)6 80 11 73 52
Franck Pasquier - fpasquier@image7.fr - Tel: +
33(0)6 73 62 57 99
1 Excluding Codim 2, which covers the hypermarkets and
supermarkets located in Corsica, and including the perimeter of
franchised stores subject to their agreement
- 2023-12-18 - PR - Communication Casino Group - Auchan -
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