Casino Group actively studies potential market operations for Cdiscount and GreenYellow subsidiaries
April 12 2021 - 5:03PM
Casino Group actively studies potential market operations for
Cdiscount and GreenYellow subsidiaries
Casino Group actively studies potential market
operations for Cdiscount and GreenYellow subsidiaries
Paris, 12th April 2021,
The Board of Directors of Casino Group today
reviewed strategic options for its Cdiscount
and GreenYellow subsidiaries.
The Board noted the excellent operational
performances of both companies, their recognized strong growth
potential in their respective markets and the current favorable
environment on the equity market.
It also confirmed the strategic role of both
subsidiaries in the Group’s profitable growth plan.
As a result, Casino Group announces that it has
launched preparatory works for potential additional capital
increases for GreenYellow and Cdiscount to enable them to
accelerate their growth plans.
Those operations, which could be done through
market operations, could also include a secondary placement of
shares held by the Group, while ensuring that Casino Group
continues to maintain control of both strategic subsidiaries.
The Group will keep the market informed of the
evolution of those projects which will be conducted in consultation
with the other shareholders of both subsidiaries1.
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. 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. It should not be
regarded by recipients as a substitute for the exercise of their
own judgement. All the opinions expressed herein are subject to
change without notice.
ANALYST AND INVESTOR
CONTACTSLionel BENCHIMOL – +33 (0)1 53 65 64
17 lbenchimol@groupe-casino.fror
+33 (0)1 53 65 24 17
IR_Casino@groupe-casino.fr
PRESS
CONTACTSCasino Group – Direction of
CommunicationStéphanie 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 7Karine
ALLOUIS - +33(0)1 53 70 74 84 -
kallouis@image7.frFranck PASQUIER – Tel : +33 (0)1 53 70 74 91
- fpasquier@image7.fr
1 Cdiscount is a subsidiary owned at 100% by Cnova, which is
owned at 65% by Casino Guichard-Perrachon and 34% by GPA;
GreenYellow is a subsidiary owned at 73% by Casino
Guichard-Perrachon and 24% by Tikehau and Bpifrance
- 2021.04.12 - PR - Casino Group actively studies potential
market operations for Cdiscount and GreenYellow subsidiaries
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