Groupe Casino sells over €200M of real estate assets to Tikehau Capital
July 01 2024 - 2:00AM
Groupe Casino sells over €200M of real estate assets to Tikehau
Capital
Groupe Casino sells over €200M of real
estate assets toTikehau Capital
Paris, 1 July 2024
Groupe Casino has signed a binding agreement
with Tikehau Capital for the sale, in the second half of 2024, of a
portfolio of 30 real estate assets comprising hypermarket and
supermarket premises leased to the Casino, Intermarché, Carrefour
and Auchan banners, as well as ancillary lots within these real
estate complexes, some with real estate development potential.
The sale price is to be paid in several
instalments, with over €200M to be received on the sale date
scheduled for the second half of 2024, and subsequent earnouts to
be received in the future.
Agreements have also been signed to entrust the
Casino Group with the property management of this portfolio for a
period of 5 years.
This transaction will reduce Groupe Casino's
financial debt to the bondholders of its subsidiary Quatrim.
***
This communication is for informational purposes
only under the current applicable laws and regulations, and is
neither an offer to sell nor a solicitation of an offer to buy the
securities described herein, nor shall there be any sale of these
securities in any jurisdiction in which such an offer, solicitation
or sale would be unlawful prior to registration or qualification
under the securities laws of any such jurisdiction.
***
ANALYSTS AND INVESTORS
CONTACTS
Christopher WELTON -
cwelton.exterieur@groupe-casino.fr - Tel: +33 (0)1 53 65 64
17orIR_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
- 2024 07 01 - PR - RE Asset Sale
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