Groupe Casino: FRH and Casino request exemption/extension under Dutch Financial Supervision Act
07 Mai 2024 - 8:00AM
Groupe Casino: FRH and Casino request exemption/extension under
Dutch Financial Supervision Act
FRH and Casino request
exemption/extension under Dutch Financial Supervision
Act
Paris, 7 May 2024
Casino Guichard-Perrachon S.A. (“Casino”;
Euronext Paris: CO; ISIN: FR0000125585) hereby informs as follows:
also on behalf of France Retail Holdings S.à r.l. (an entity
ultimately controlled by Mr. Daniel Křetínský) (“FRH”), it is
hereby announced that FRH and Casino have today jointly submitted a
petition to the Enterprise Chamber of the Amsterdam Court of
Appeal, the Netherlands, ("Enterprise Chamber") pursuant to Article
5:72(3) and/or Article 5:71(1) of the Dutch Financial Supervision
Act (Wet op het financieel toezicht, "FMSA") for an exemption of
the obligation to make a mandatory tender offer as referred to in
Article 5:70 FMSA. If the exemption is granted, Casino will within
three months initiate a buy-out procedure (uitkoopprocedure) in
accordance with Article 2:92a of the Dutch Civil Code (Burgerlijk
Wetboek) in which the Enterprise Chamber will determine the price
to be paid for shares of minority shareholders of Cnova N.V.,
whereby Casino will claim a buy-out price similar to the price that
would be paid in a mandatory tender offer. Today's petition also
includes a request for a further extension of the period provided
in Article 5:72(1) FMSA. The Enterprise Chamber previously extended
this period by thirty days in its judgment of 25 April 2024.
Reference is also made to the announcement on 28 March 2024 of
FRH's acquisition of predominant control over Cnova N.V. resulting
from the completion of Casino's financial restructuring and to the
press releases of 19 and 29 April 2024 published by Casino on
behalf of FRH in this respect.
***
This communication is for informational purposes
only under the current applicable laws and regulations, and is
neither an offer to sell nor a solicitation of an offer to buy the
securities described herein, nor shall there be any sale of these
securities in any jurisdiction in which such an offer, solicitation
or sale would be unlawful prior to registration or qualification
under the securities laws of any such jurisdiction.
ANALYSTS AND INVESTORS
CONTACTS
Christopher WELTON -
cwelton.exterieur@groupe-casino.fr - Tel: +33 (0)1 53 65 64 17
orIR_Casino@groupe-casino.fr - Tel: +33 (0)1 53 65
24 17
PRESS CONTACTS
Groupe Casino Communications
Stéphanie ABADIE -
sabadie@groupe-casino.fr – Tel: +33 (0)6 26 27 37
05ordirectiondelacommunication@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
- 2024 05 07 - PR - FRH CGP Cnova
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