Casino Group: Casino Group completed the sale of 31 hypermarkets and supermarkets properties to companies affiliated with Apo...
October 16 2019 - 1:42AM
Casino Group: 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
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 17Or+33 (0)1 53 65 24 17 -
IR_Casino@groupe-casino.fr
PRESS CONTACTS:
Casino Group – Direction of
CommunicationStéphanie ABADIE - sabadie@groupe-casino.fr - +33 (0)6
26 27 37 05Or+33(0)1 53 65 24 78 -
directiondelacommunication@groupe-casino.fr
Agence IMAGE 7Karine ALLOUIS -
kallouis@image7.frGrégoire 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.
***
- 2019-10-16 - Casino Group completed the sale of 31 hypermarkets
and supermarkets properties to companies affiliated with Apollo
Global Management, Inc
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