Casino Group: Agreement with Rocca and Auchan Retail France for the sale of Codim 2
June 22 2024 - 9:38AM
Casino Group: Agreement with Rocca and Auchan Retail France for the
sale of Codim 2
Casino Group has signed an agreement with
Rocca and Auchan Retail France for the sale of its subsidiary Codim
2
Paris, 22 June 2024
Casino Group announces today that it has signed
a unilateral purchase agreement for the sale of Codim 2, which
operates 4 hypermarkets, 9 supermarkets, 3 cash & carries and 2
drive-throughs in Corsica, with sales of 332 million euros
excluding taxes in 2023.
As part of the sale, Rocca Group has undertaken
to take over all the stores, which will be operated under the
Auchan banner, as well as all Codim 2 store and head office
employees.
Completion of the sale is expected to take place
after consultation with employee representative bodies and subject
to clearance by the competent competition authorities.
***
This press release has been prepared for
information purposes only and should not be construed as a
solicitation or offer to buy or sell any securities or related
financial instruments. Similarly, it does not constitute, and
should not be treated as, investment advice. It has no regard to
the investment objectives, financial situation or particular needs
of any Receiver. No representation or warranty, express or implied,
is made as to the accuracy, completeness or reliability of the
information contained herein. It should not be considered by
recipients as a substitute for the exercise of their own judgment.
All opinions expressed in this document 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
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