October 16th, 2019
Casino Group completed the sale of 31 hypermarkets and supermarkets properties to companies affiliated with Apollo Global Management, Inc., valued at €465 million, of which €327 million has already been received
Following the signature in April 2019 of agreements with companies affiliated with Apollo Global Management, Inc. (APO), Casino Group announces that it has completed the sale of 12 Géant Casino properties and 19 stores properties under the Monoprix and Casino Supermarkets banners, valued at €465 million net sales price.
On this occasion, Casino received 327 million euros for the transfer of 30 assets, with an additional 14 million euros to be received within 12 months at the effective transfer of an asset, which was postponed for technical reasons; another asset had finally been excluded from the initial scope to be sold to a third party by the end of 2019, under the same conditions.
Casino Group remains involved in the value creation of this transaction through an interest in the company formed by funds managed by Apollo. In this context and depending on the company's performance, Casino Group may receive up to an additional 140 million euros in the coming years.
CASINO GROUP
ANALYST AND INVESTOR CONTACTS:
Régine GAGGIOLI - rgaggioli@groupe-casino.fr - +33 (0)1 53 65 64 17
Or
+33 (0)1 53 65 24 17 - IR_Casino@groupe-casino.fr
PRESS CONTACTS:
Casino Group – Direction of Communication
Stéphanie ABADIE - sabadie@groupe-casino.fr - +33 (0)6 26 27 37 05
Or
+33(0)1 53 65 24 78 - directiondelacommunication@groupe-casino.fr
Agence IMAGE 7
Karine ALLOUIS - kallouis@image7.fr
Grégoire LUCAS - gregoire.lucas@image7.fr
- 33(0)1 53 70 74 84
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. Similarly, it does not give and should not be treated as giving investment advice. It has no connection with the investment objectives, financial situation or specific needs of any recipient. No representation or warranty, either express or implicit, 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 exercise of their own judgement. All opinions expressed herein are subject to change without notice.
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