Casino Group: Update on the conditions precedent to the financial restructuring
03 February 2024 - 5:23AM
Casino Group: Update on the conditions precedent to the financial
restructuring
Update on the conditions precedent to the
financial restructuring
Paris, 2 February 2024
Casino announces that the anti-trust authorities
of Serbia, Northern Macedonia, Morocco and Kosovo issued decisions
authorising, under merger control, the acquisition of control of
the Group as part of the financial restructuring by the consortium
(composed of EP Equity Investment III s.à r.l., Fimalac and
Attestor), it being specified that the consortium's acquisition
vehicle will be controlled by EP Equity Investment III s.à r.l., a
company controlled by Mr Daniel Křetínský (the
“Transaction”).
Casino also announces that on 2 February 2024
the European Commission issued a decision authorising the
Transaction under the Foreign Subsidies Regulation.
Lastly, the Luxembourg Insurance Authority has
authorised the change of indirect control of Casino RE (the Group's
reinsurance subsidiary).
The Group recalls that the completion of its
financial restructuring remains subject only to the approval of the
accelerated safeguard plans of Casino Finance, DCF, CPF, Quatrim,
Monoprix and Ségisor by the Paris Commercial Court.
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. 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
Groupe Casino – Communications
Director
Stéphanie Abadie - sabadie@groupe-casino.fr –
Tél : +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
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