Press

30 June 2012

Casino: successful bond issue of €650 million

 

Casino successfully issued a new 7-year bond of €650 million.

This operation, which strengthens the Group’s liquidity, is intended to refinance the nextdebt repayments of the Group. It extends the average maturity of Casino’s bond debt to 4.8 years today (vs. 4.6 years as of the end of June).

This new bond, which will pay a coupon of 3.157%, has been significantly oversubscribed by a diversified investor base. This coupon is the lowest ever achieved by the Group in a bond issue.

Casino is rated BBB- stable by Standard & Poor’s and Fitch Ratings.

 

Bank of Tokyo Mitsubishi, Citibank, Crédit Agricole Corporate and Investment Bank, Natixis, RBS and Société Générale acted as joint bookrunners.

 

ANALYST AND INVESTOR CONTACTS
Régine GAGGIOLI – Tél. : +33 (0)1 53 65 64 17
rgaggioli@groupe-casino.fr
or
+33 (0)1 53 65 64 18
IR_Casino@groupe-casino.fr

 

29 June 2012

Casino and GroupeGaleries Lafayette announce the signing of a letter of intent in relation to Monoprix

In the context of conciliation talks conducted under the authority of the President of the Commercial Court of Paris, on June 28th, 2012, Casino and GroupeGaleries Lafayette, both equal shareholders of Monoprix since 2000, signed a letter of intent concerning the 50% stake held by GroupeGaleries Lafayette in Monoprix.

The two groups aim to reach a settlement agreement with respect to the sale of GroupeGaleries Lafayette’s interest, by October 30th, 2013, for a consideration of 1,175 million euros, indexed from April 1st, 2013. Casino has already committed itself with respect to the terms of a settlement agreement. The acquisition by Casino would be completed after being approved by the French Competition Authority.

Mr Jean-Charles Naouri, Chairman and CEO of Casino, will be appointed as a board member of Monoprix during the General Assembly being held today. Mr Philippe Houzé will remain Chairman and CEO of Monoprix. After the signing of a definitive settlement agreement, a Chairman and CEO for Monoprix proposed by Casino will be appointed.

Monoprix is implementing the information and consultation procedure regarding the contemplated transaction.

Casino and GroupeGaleries Lafayette will, upon completion of the sale of shares, abandon the pending legal proceedings.

Casino and GroupeGaleries Lafayette welcome the signing of this letter of intent which should allow them to put an end to their disagreements. Casino and GroupeGaleries Lafayette congratulate the management and the entire team of Monoprix for the excellent work performed by them, under the chairmanship of Mr Philippe Houzé. The settlement should allow the company to pursue its development under optimal conditions with Groupe Casino.

Press Contacts

Groupe Casino

Thierry Orsoni

torsoni@groupe-casino.fr

+33 (0)1.53.65.24.78

Frédéric Croccel

fcroccel@groupe-casino.fr

+33 (0)1.53.65.24.39

Groupe Galeries Lafayette

Laurent Perpère

lperpere@brunswickgroup.com

+33 (0)53.96.83.83

 

Alexandra van Weddingen

avanweddingen@brunswickgroup.com

+33 (0)1.53.96.83.83

Analyst and Investor Contacts

Groupe Casino

Régine GAGGIOLI

rgaggioli@groupe-casino.fr

+33 1 53 65 64 17

IR_Casino@groupe-casino.fr

+33 1 53 65 64 18

Groupe Galeries Lafayette

Laurent Perpère

lperpere@brunswickgroup.com

+33 (0)53.96.83.83

Alexandra van Weddingen

avanweddingen@brunswickgroup.com

+33 (0)1.53.96.83.83

22 June 2012

Casino group becomes the sole controlling shareholder of GPA

The extraordinary shareholders’ meeting of Wilkes, which directly controls GPA, held today in Sao Paulo (Brazil), appointed Jean-Charles Naouri, Casino’s Chairman & CEO as Chairman of the Wilkes’ Board of Directors. Through this appointment, the Casino group becomes the sole controlling shareholder of GPA in accordance with the agreements signed in 2005 with the Diniz family.

Furthermore, Mrs. Eleazar de Carvalho Filho, Luiz Augusto de Castro Neves and Roberto Oliveira de Lima were appointed to GPA’s Board of Directors during the company’s ESM also held today in Sao Paulo. As a consequence, eight directors have been nominated by Casino, giving the group the majority vote at the GPA’s Board of Directors.
With the active contribution of Casino since its first investment 13 years ago in the company, GPA has become the undisputed leading distribution group in Brazil and the country’s largest private employer.
Jean-Charles Naouri, Casino group’s Chairman & CEO declared: “I am very happy and proud that the Casino Group is taking this new role in a magnificent company such as GPA. Since we became GPA’s partner in 1999, we have strongly believed in Brazil and in the company and contributed to its success alongside the Diniz family. While maintaining GPA’s strong identity and Brazilian culture, I will, together with the entire Casino group, further support GPA’s management team, led by Eneas Pestana, its CEO, in its objective to strengthen GPA’s leadership and make it an even more beloved and admired company.
ANALYST AND INVESTOR CONTACTS
Régine GAGGIOLI – Tel.: +33 (0)1 53 65 64 17
rgaggioli@groupe-casino.fr
or
+33 (0)1 53 65 64 18
IR_Casino@groupe-casino.fr
12 June 2012

Casino: success of the payment of 2011 dividend in shares

The Annual General Meeting of Shareholders held on 11 May 2012 decided to pay a dividend, for financial year 2011, of €3 per share. Shareholders had the option of receiving half of this dividend (€1.50) in shares and, consequently, to receive new Company shares. The unit issue price of the new shares was set at €62.82, i.e. 90% of the average opening share price from the twenty trading days leading up to 11 May 2012, less the amount of the dividend.
76.41% of the rights were exercised in favour of the scrip dividend, showing the strong interest from shareholders.
The success of this operation enabled the Company to reinforce its shareholders’ equity by €126.84 million, by creating 2,019,110 new shares, which will be delivered and admitted for trading on Euronext Paris on 15 June 2012.
These new shares will be immediately assimilated with existing shares.
The cash dividend payment totals €205.09 million. It will be paid on 15 June 2012.
ANALYST AND INVESTOR CONTACTS
Régine GAGGIOLI – Tel.: +33 (0)1 53 65 64 17
rgaggioli@groupe-casino.fr
or
+33 (0)1 53 65 64 18
IR_Casino@groupe-casino.fr
4 June 2012

Casino continues the process of becoming sole controlling shareholder of GPA in Brazil – Casino indicates Messrs. Eleazar de Carvalho Filho, Luiz Augusto de Castro Neves and Roberto Oliveira de Lima to GPA’s Board of Directors

Continuing the previously-agreed process for the rearrangement of corporate control of Companhia Brasileira de Distribuição (“GPA”)1, Casino, Guichard-Perrachon (“Casino”) sent a notice today to Mr. Abilio Diniz informing him of the name of the three (3) individuals that shall be elected to the Board of directors of GPA at GPA’s Shareholders Meeting, expected to occur on June 22, 2012.
Mr. Eleazar de Carvalho Filho is a highly skilled executive and is the founding partner of Virtus BR Partners. In the past, he held CEO positions at Unibanco Investment Bank, at the Brazilian National Economic and Social Development Bank – BNDES and at UBS Bank – Brazil. He was a non-executive Chairman of BHP Billiton in Brazil. Mr. Carvalho Filho is currently a Board member of FMC Technologies Inc. and Brookfield Renewable Energy Partners.
Mr. Luiz Augusto de Castro Neves is a highly skilled diplomat with a long standing career in the Brazilian Foreign Relations Ministry. Mr. Castro Neves served as the Brazilian Ambassador to China from 2004 to 2008, a strategic position for the Brazilian government. He later became the Brazilian Ambassador to Japan from 2008 to 2010. He also served as Chairman of the Board of Itaipu Binacional. He is currently the Chairman of CEBRI – Brazilian Center for International Relations.
Mr. Roberto Oliveira de Lima is a highly skilled executive and has held key positions at important companies in Brazil. He previously held the CEO positions at Vivo, the Brazilian leader in mobile communication, and Chairman and CEO of Credicard. He also held executive positions at the Accor Group among others. Mr. Lima is currently a Board member of Natura, Telefonica Brasil, Rodobens and Edenred.
Upon the election of Messrs. Eleazar de Carvalho Filho, Luiz Augusto de Castro Neves and Roberto Oliveira de Lima, the majority of the members of the Board of Directors of GPA will have been appointed by Casino.
Casino’s decision to appoint highly respected and experienced Brazilian individuals to the Board of Directors of GPA is in line with its vision that Brazilian people must continue to play a key role regarding the management and the governance of GPA.
In appointing these members, Casino brings new and complementary profiles to GPA’s Board, which will be of great importance in the way the Board will support GPA’s management going forward.
Casino reaffirms its full support and confidence in GPA’s outstanding management and its long term commitment to Brazil.

 

 PRESS CONTACTS

GROUPE CASINO

Thierry ORSONI – Tél. : +33 (0)1 53 65 24 78 – torsoni@groupe-casino.fr

Frédéric CROCCEL – Tél. : +33 (0)1 53 65 24 39 – fcroccel@groupe-casino.fr

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Grégoire LUCAS – Tél. : +33 (0)1 53 70 74 94 – glucas@image7.fr

Karine ALLOUIS – Tél. : +33 (0)1 53 70 74 81 – kallouis@image7.fr

ANALYST AND INVESTOR CONTACTS

Régine GAGGIOLI – Tel.: +33 (0)1 53 65 64 17 – rgaggioli@groupe-casino.fr

or

+33 (0)1 53 65 64 18 – IR_Casino@groupe-casino.fr

1 As provided in the shareholders’ agreement of Wilkes Participações S.A. (“Wilkes”, which directly controls GPA).

14 May 2012

Casino Group again rewarded for its commitment to “Diversity”

The Diversity Label, which is awarded by France’s Ministry of the Interior in partnership with the country’s AFNOR Certification organisation, rewards companies whose practices in combating discrimination are deemed to be exemplary. Casino Group obtained this label in 2009, following a campaign by AFNOR Certification to introduce the label and the decision of a panel made up of representatives of several government ministries and trade unions.

Casino Group has been involved since 1993 in combating all forms of exclusion and discrimination, and now implements a diversity promotion policy that encourages the hiring of applicants from a wide range of backgrounds and fosters equal opportunities.
This company policy forms part of a continuous effort to pursue constructive dialogue with all union organisations.

Yves Desjacques, director of human resources for Casino Group, said: “The renewal of the Diversity Label highlights the work of our Group, which has for almost 20 years conducted a determined and innovative policy to promote diversity. Combating discrimination, promoting diversity and taking into account different cultures and attitudes is a day-by-day approach that is of great importance to our employees, our social partners and our general management. It’s a long-term approach and, for all our employees, the renewal of the Diversity Label is very satisfying.”

Through its corporate baseline, Nourrir un Monde de Diversité (Nourishing a World of Diversity), Casino, which has always been a pioneer in this field, has made the promotion of diversity part of its DNA. Its current policy is based on the following areas:

  • Equal opportunities: origins, public territory, priority categories of job-seekers

◦Under the French government’s Hope for the Suburbs plan, Casino Group has, in the space of four years, hired 4,440 people from disadvantaged neighbourhoods under permanent or fixed-term contracts, and offered 2,500 training courses and 750 work-study contracts to young people from these neighbourhoods
◦To incorporate the combat against discrimination in its recruitment practices, since 2008 Casino Group has been using the simulation recruitment method (candidates are selected based on their performance in simulations of real-life situations, and not on the basis of their CV). A total of 2,500 employees have been hired using this method, in partnership with the Pôle Emploi job centres.

  • Disabilities and support for employees who are carers

◦The employment rate for disabled workers at Casino France was 10.71% in 2011 (the legal requirement is 6%). The Group committed in 2011 to hire 180 people with disabilities by the end of 2013
◦Casino Group offers assistance to employees who need to adapt their vehicle to their own disability or to that of a family member (driver’s seat, rails for wheelchairs, etc.)
◦As part of its Aidons les aidants (Assist the carers) campaign, and in order to raise the awareness of all employees, in early May 2012 the Group distributed a booklet offering advice to family carers of elderly or disabled people.

  • Gender equality

◦Women represent 37.5% of managers (against 34% in 2008)
◦A company-wide agreement signed in November 2011 committed the Group to make progress on improvement plans identified in five main areas: recruitment, training, pay, career development, and parental issues
◦In 2012, a working parent handbook was written and distributed, listing all the measures put in place by the Group to assist employees with children (e.g. flexible working hours, career development, etc.). 
The Group has set up the C’avec elles network to put women managers in touch with each other so that they can propose innovative new ideas to the general management. The network currently has 400 members.

  • Older employees

◦Through the signature of a company-wide agreement in September 2009, Casino committed to hire 500 older employees in the 2010-2012 period. The rate of employees aged over 55 increased 15.10% between 2010 and 2011.

  • Respect for religious diversity

◦A Guide to Religious Diversity was distributed in 2011 to all managers.

  • Combat discrimination on the basis of sexual orientation

◦A review was launched in 2011 and will lead to action plans to combat discrimination based on sexual orientation. As part of this approach, a guide for managers will be written and distributed by the end of 2012.

 

Press contacts

Casino Group
Frédéric Croccel / fcroccel@groupe-casino.fr / + 33 1 53 65 24 39

Image 7
Karine Allouis / kallouis@image7.fr / +33 1 53 70 74 81

14 May 2012

Casino continues the process of becoming sole controlling shareholder of GPA in Brazil

Continuing the previously-agreed process for the rearrangement of the corporate control of Companhia Brasileira de Distribuição (“GPA”)1, Casino Guichard-Perrachon (“Casino”) sent today a notice to Mr. Abilio Diniz informing him of its decision to appoint Mr. Jean Charles Naouri, Chairman and CEO of Casino, as chairman of the Wilkes Board of Directors.

Upon the election of Mr. Naouri as Chairman of Wilkes, which should occur at a Wilkes Shareholders’ Meeting expected to be held on June 22, 2012, there will be a change in GPA’s corporate governance structure, resulting in Casino becoming the sole controlling shareholder of GPA.

Casino also gave notice today to Mr. Diniz that it will exercise its right to appoint a majority of the board of directors of GPA1. GPA’s board of directors should start functioning under such new composition as of June 22, 2012 following an Extraordinary Shareholders’ Meeting of GPA expected to occur on that date.

Finally, today, Casino exercised its call option1 which allows the company to buy 1 Wilkes share and thereby own the majority of the voting shares of Wilkes. The final acquisition of this share is conditioned upon Mr. Diniz not exercising his first put option, which permits Mr. Diniz until 22 August 2012 to require Casino to purchase one million voting shares of Wilkes (which would also result in Casino owning the majority of the voting shares of Wilkes). As per applicable requirement, Casino informed the Brazilian antitrust authority (CADE) of the acquisition of shares that will result from the foregoing procedure.

Casino reaffirms its full support and confidence in GPA’s outstanding management and its long term commitment to Brazil.

PRESS CONTACTS

Casino Group
Thierry Orsoni
torsoni@groupe-casino.fr
+33 1 53 65 64 38

Image 7
Leslie Jung
ljung@image7.uk.com
+44 7818 641 803

ANALYST AND INVESTOR CONTACTS

Régine Gaggioli
rgaggioli@groupe-casino.fr
+33 1 53 65 64 17

or
IR_Casino@groupe-casino.fr
+33 1 53 65 64 18

1 As provided in the shareholders’ agreement of Wilkes Participações S.A. (“Wilkes”, which directly controls GPA).

4 May 2012

Casino sells a 9.8% stake in Mercialys

Casino is announcing that it has sold 9.8% of its stake in Mercialys through the implementation of an equity swap with CréditAgricole Corporate and Investment Bank. This transaction, which follows the disposal to bring Casino’s stake in Mercialys down to below 50% on April 25, enables an optimal reclassification of these stocks.
Overall and as of today, this sale has generated cash of €138 million for Casino Group.

As part of the implementation of its new retail real estate strategy of “Foncièrecommerçante” announced on February 9, Mercialys proceeded to a first exceptional distribution, of which €532 million was received by Casino on April 20.

In total, Casino has therefore already received €670 million of its announced gross cash inflow target of €800 to €900 million and is continuing to strengthen its financial flexibility.

The Group is reaffirming its dual value-creativebusiness model and will remain a key partner of Mercialys, in which it now holds a 40.2% stake.

PRESS CONTACTS
Casino Group
Thierry Orsoni
torsoni@groupe-casino.fr
+33 1 53 65 64 38

Image 7
Leslie Jung
ljung@image7.uk.com
+44 7818 641 803

ANALYST AND INVESTOR CONTACTS
Régine GAGGIOLI
rgaggioli@groupe-casino.fr
+33 (0)1 53 65 64 17

or
IR_Casino@groupe-casino.fr
+33 1 53 65 64 18

About Casino
The Casino Group is one of the leading food retailers in the world. In addition to its 9,500 outlets in France, the group has another 2,200 stores, mainly in Latin America (Brazil and Colombia) and South East Asia (Thailand and Vietnam), which account for 45% of its sales. In 2011, Casino had consolidated sales of €34.4 billion. It employs 230,000 people around the world.

About Mercialys
Mercialys, one of France’s leading real estate companies, is solely active in commercial property. Rental revenue in 2011 came to Euro 161 million and net income, Group share, to Euro 147 million. It owns 120 properties with an estimated value of Euro 2.6 billion (including transfer taxes) at December 31, 2011. Mercialys has benefited from “SIIC” tax status (REIT) since November 1, 2005.
3 May 2012

Success of Big C Thailand THB 4.2 Bn (€103 m) private placement more than four times oversubscribed

Big C Supercenter, a Casino Group affiliate, announced today the success of its private placement of 23.6 million shares (2.9% of its enlarged share capital), representing an amount of THB 4.2 Bn (€103 m).

The transaction was more than four times oversubscribed reflecting investors’ robust confidence in Big C and its attractive growth prospects.

This capital raising will allow Big C to implement its expansion plan and reduce its leverage as part of Big C’s strategic plan announced at the end of 2011, aiming at strengthening its co-leadership position in the Thai retail sector and becoming a major player in the region.

This announcement does not constitute or form part of any offer or invitation to purchase, otherwise acquire, issue, subscribe for, sell or otherwise dispose of any securities, nor any solicitation of any offer to purchase, otherwise acquire, issue, subscribe for, sell or otherwise dispose of, any securities. The securities referred to herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”), and may not be offered or sold in the United States unless they are registered with the U.S. Securities and Exchange Commission or an exemption from the registration requirements of the Securities Act is available.

 

Analysts and Investors Contact

Régine GAGGIOLI
rgaggioli@groupe-casino.fr
+33 1 53 65 64 17
or
IR_Casino@groupe-casino.fr
+ 33 1 53 65 64 18

 

Press contact

For any press request relating to the Casino Group and its brands: Casino, Monoprix, Vival, Spar, Naturalia and Franprix

 

Group Communication Department
directiondelacommunication@groupe-casino.fr
(+33) 1 53 65 24 29