Pursuance of the Monoprix share acquisition process
Casino exercised today its right to have a subsidiary of Crédit Agricole Corporate & Investment Bank temporarily hold the 50% stake in Monoprix, previously owned by Galeries Lafayette, in accordance with the terms of the transaction agreement signed on July, 26th 2012.
The sale by Galeries Lafayette was completed, as previously disclosed, at a price of € 1 175 Million, funded by Casino.
This temporary holding arrangement* will be in place until the examination of the case by the French Competition Authority is completed, which is expected over the course of the summer. Once the decision is obtained, Casino will be in a position to complete the acquisition of the shares.
*In compliance with the merger control regulatory framework
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
Group external communication department
press contacts
Aziza BOUSTER
Tel: +33 (0)1 53 65 24 78
Mob: +33 (0)6 08 54 28 75
abouster@groupe-casino.fr
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Grégoire LUCAS
Tel : +33 (0)1 53 70 74 95
Mob: +33 (0)6 71 60 02 02
glucas@image7.fr
