Groupe Casino: Sale of GreenYellow
Sale of GreenYellow
Paris, 13 May 2024
The Casino Group announces that it has reached an agreement with Ardian and Bpifrance to sell its 10.15% stake in GreenYellow. As an essential and decisive condition of this transaction, all amounts owed between the Casino Group and GreenYellow, resulting notably from the sale of hypermarkets and supermarkets to Groupement Les Mousquetaires and Auchan, which had been authorized under the accelerated safeguard procedure, will be settled.
The net proceeds from this sale, which will be effectively received by Casino, will amount to approximately 46 million euros.
The Group will no longer hold any stake in GreenYellow following this transaction, which is expected to be completed by the end of May 2024.
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This press release has been prepared for information purposes only and should not be construed as a solicitation or offer to buy or sell any securities or related financial instruments. Similarly, it does not constitute, and should not be treated as, investment advice. It has no regard to the investment objectives, financial situation or particular needs of any Receiver. No representation or warranty, express or implied, is made as to the accuracy, completeness or reliability of the information contained herein. It should not be considered by recipients as a substitute for the exercise of their own judgment. All opinions expressed in this document are subject to change without notice.
ANALYSTS AND INVESTORS CONTACTS
Christopher WELTON - - Tel: +33 (0)1 53 65 64 17
or
- Tel: +33 (0)1 53 65 24 17
PRESS CONTACTS
Groupe Casino Communications
Stéphanie ABADIE - – Tel: +33 (0)6 26 27 37 05
or
- Tel: + 33(0)1 53 65 24 78
Agence IMAGE 7
Karine Allouis - - Tel: +33 (0)6 11 59 23 26
Laurent Poinsot - - Tel: + 33(0)6 80 11 73 52
Franck Pasquier - - Tel: + 33(0)6 73 62 57 99
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