Paris, December 27, 2016, 08:30 CET – Casino, Guichard-Perrachon S.A. (“Casino”) today announced that it has commenced an offer to acquire for cash all outstanding ordinary shares of Cnova, nominal value €0.05 per share (“Cnova ordinary shares”), in the United States (the “U.S. Offer”). Pursuant to the U.S. Offer, Casino is offering to acquire all outstanding Cnova ordinary shares held by holders of Cnova ordinary shares resident in the United States (“U.S. holders”) for $5.50 per share, net to the holder in cash, without interest, less any applicable withholding taxes (the “U.S. Offer Price”).
Casino Group expands presence in the Middle East and North Africa
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...
Read moreQ2 2015 SALES
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%);...
Read moreNew organization for the Group’s operations in Latin America in order to enhance future growth
– 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...
Read moreCasino Group decides to strengthen its financial flexibility with a deleveraging plan above €2bn in 2016
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...
Read moreReaction of Casino Group to the report of Muddy Waters Capitals
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...
Read moreCasino Group affirms the strength of its business model, strategic plans and financial structure
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...
Read moreQ4 2015 – SALES – Continued growth and gains in market share in France – Food business steady in Latin America
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...
Read more