Groupe Casino: Authorisation from the French Ministry of the Economy under the control of foreign investments in France
January 15 2024 - 2:30AM
Groupe Casino: Authorisation from the French Ministry of the
Economy under the control of foreign investments in France
Authorisation from the French Ministry of
the Economy under the control of foreign investments in
France
Paris, 15 January 2024
Casino announces that on 11 January 2024 the
French Ministry of the Economy issued its decision authorising,
under the control of foreign investments in France, the acquisition
of control of the Group as part of its financial restructuring by
the consortium (composed of EP Equity Investment III s.à r.l.,
Fimalac and Attestor), it being specified that the consortium's
acquisition vehicle (France Retail Holdings) will be controlled by
EP Equity Investment III s.à r.l., a company controlled by Mr.
Daniel Křetínský.
The Group points out that the completion of its
financial restructuring remains subject to the satisfaction (or
waiver, where permitted by the draft accelerated safeguard plan) of
the following conditions precedent:
- the
granting of decisions by the anti-trust authorities1, other than
the European Commission, authorizing or not objecting to the
restructuring as provided for in Casino's accelerated safeguard
plan;
-
the granting of a decision by the European Commission recognizing
that the Consortium's planned investment does not fall within the
scope of the Foreign Subsidies Act;
-
the granting by the Luxembourg Insurance Authority of a decision
authorizing or not opposing the indirect change of control of
Casino RE (Group's reinsurance subsidiary); and
-
the approval of the accelerated safeguard plans of Casino Finance,
DCF, CPF, Quatrim, Monoprix and Ségisor by the Paris Commercial
Court.
***
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. Likewise, it does not provide and should not be
treated as providing investment advice. It has no connection with
the specific investment objectives, financial situation or needs of
any receiver. No representation or warranty, either express or
implied, is provided in relation to the accuracy, completeness or
reliability of the information contained herein. Recipients should
not consider it as a substitute for the exercise of their own
judgement. All the opinions expressed herein are subject to change
without notice.
***
ANALYSTS AND INVESTORS
CONTACTS
Christopher WELTON -
cwelton.exterieur@groupe-casino.fr - Tel: +33 (0)1 53 65 64 17
orIR_Casino@groupe-casino.fr - Tel: +33 (0)1 53 65
24 17
PRESS CONTACTS
Groupe Casino Communications
Stéphanie Abadie -
sabadie@groupe-casino.fr – Tel: +33 (0)6 26 27 37
05ordirectiondelacommunication@groupe-casino.fr - Tel: + 33(0)1 53
65 24 78
Agence IMAGE 7
Karine Allouis - kallouis@image7.fr - Tel: +33
(0)6 11 59 23 26
Laurent Poinsot - lpoinsot@image7.fr - Tel: +
33(0)6 80 11 73 52
Franck Pasquier - fpasquier@image7.fr - Tel: +
33(0)6 73 62 57 99
1 Anti-trust authorities of Morocco, Kosovo, Serbia
and Northern Macedonia.
- 2024 01 15 - PR - Foreign investments
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