Groupe Casino Subsidiaries
Casino Group or Casino Guichard-Perrachon is a French mass-market retail group. It was founded on 2 August 1898 by Geoffroy Guichard under the corporate name Guichard-Perrachon & Co. 1 Casino Group is the source of many innovations such as the first distributor's brand in 1901, 2 the first self-service store in 1948 3 or even the display. For Casino group and its subsidiaries in France and Latin America, animal welfare plays a key role in enabling everyone to better consume. Back in 2017, GPA was the first Brazilian food retailer to sign a commitment on animal welfare in the egg chain, which established that by 2025, 100% of the eggs sold under its private-label brands will be.
Casino Group has finalised the sale to GBH of its subsidiary Vindémia, the leading retailer in the Indian Ocean
Paris, 30th June 2020,
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Casino Group announces that it has finalised the sale of its subsidiary Vindémia, the leading retailer in the Indian Ocean, for an enterprise value of €219 million.
Proceeds from the sale amount to €207 million based on an estimated net financial debt and working capital requirement at 30 June 2020, of which €186 million has been received today.
The completion of this sale follows the approval of the French Competition Authority.
It brings the total amount of proceeds received from the sale of non-strategic assets to €2.0 billion since July 2018, out of a total signed to date of €2.8 billion.
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. 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. It should not be regarded by recipients as a substitute for the exercise of their own judgement. All the opinions expressed herein are subject to change without notice.
ANALYST AND INVESTOR CONTACTS
Régine GAGGIOLI – +33 (0)1 53 65 64 17
rgaggioli@groupe-casino.fr
or
+33 (0)1 53 65 24 17
IR_Casino@groupe-casino.fr
PRESS CONTACTS
CasinoGroup – Direction of Communication
Stéphanie ABADIE - sabadie@groupe-casino.fr - +33 (0)6 26 27 37 05
Groupe Casino Subsidiaries Meaning
or
+33(0)1 53 65 24 78 - directiondelacommunication@groupe-casino.fr
Groupe Casino Subsidiaries Stock
Agence IMAGE 7
Karine ALLOUIS - +33(0)1 53 70 74 84 - kallouis@image7.fr
Grégoire LUCAS - gregoire.lucas@image7.fr
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