Franprix - Leader Price : New decision by the Court of Arbitration in the dispute between Casino and the Baud Family

Casino a eu connaissance ce jour d’une nouvelle décision arbitrale rendue dans le litige l’opposant à la famille Baud.

Casino has been informed today that the Court of Arbitration has handed down a new decision concerning the dispute between Casino and the Baud family.

Casino is pleased to note that the Court of Arbitration has rejected out of hand the Baud family’s claim for payment of Franprix and Leader Price dividends for 2006 and 2007, due to the observed errors and irregularities in their financial statements.

As a result of this new decision, Casino will be required to pay only €34 million, corresponding to (i) the Franprix and Leader Price dividends for 2008, (ii) additional consideration for the Franprix and Leader Price shares previously acquired by Casino and (iii) late interest over and above the €18 million already paid to the Baud family. This amount of €34 million is significantly less than the €67 million provision that had been booked in the Casino Group’s accounts.

The Baud family’s initial claim in respect of the above totalled more than €140 million.

Paris, 10 February 2011

Investor Relations
+ 33 (0)1 53 65 64 18

A new Géant hypermarket opens in Abu Dhabi’s new Yas Mall The Casino Group is stepping up its 110-store-strong presence in the North Africa and Middle East regions, which offer major growth potential. The Group is pursuing its expansion...

Download the presentation: Full year results 2014

Download the Annual Report 2014

Improved activity in France: : Return to growth at Géant and recovery at Leader Price Increase in food sales in Brazil Strong growth of the E-commerce business In France, improved activity: growth in organic sales (+0.4%) and in same-store sales (+0.1%);...

– Strengthened organization, focused on growth drivers, – Implementation of significant synergies leveraging the respective strengths of the different entities, – Acquisition by Éxito of 50% of GPA voting shares owned by Casino group and 100% of Libertad in Argentina...

Casino Group decides to strengthen its financial flexibility with a deleveraging plan in 2016 of more than 2 billion of euros, mainly through real estate transactions and disposal of non-core assets. One of this plan’s components consists in externalizing the...

Casino has become aware, through a press agency wire, of a report issued by Muddy Waters Capital on December 16, 2015, with the obvious intent to harm Casino, its employees and its shareholders. This accusatory report contains grossly erroneous allegations...

Paris, 21 December 2015. Casino Group affirms the strength of its business model, strategic plans and financial structure On December 15th, 2015, Casino Group announced a plan to strengthen its balance sheet and enhance its financial flexibility with a deleveraging...

In France, sales growth of +2.7% on an organic basis and +1.4% on a same-store basis, and an increase in customers of +1.9% – Géant: significant growth of +3.0%(1) (same-store and organic) and continued gain in market share of +0.1...

Responsible employer committed to the development of skills and the well-being of its employees, the Casino group implements innovative human resources policies, consistent with its approach to social, societal and environmental responsibility.

The Casino group is also a local community player, rooted in the regions where its stores are located.

The Group’s ambition is to create a new territorial solidarity, to put its products forward as the reference for eating good and healthy food, and to implement concrete solutions to better respect the environment.

Casino is the only retail group to have Diversity and professional Equality Awards, both obtained following a certification audit by AFNOR.

Casino group aims to redefine convenience retailing to meet new consumer expectations.

In our newsroom, find our latest news and all of our press releases.

Casino Group counts over 25,000 employees, powerful brands with over 7,700 sales outlets across all the territory and a 9 Billion turnover in 2023.

It is a leader in convenience stores as well as n°2 in non-food E-commerce in France with its Cdiscount brand.

Franprix – Leader Price : New decision by the Court of Arbitration in the dispute between Casino and the Baud Family

Press contact