Groupe Casino: Judgment granting request by FRH and Casino for exemption of mandatory tender offer obligation regarding Cnova as provided in Article 5:70(1) of the Dutch Financial Supervision Act
21 Junio 2024 - 1:00AM
Groupe Casino: Judgment granting request by FRH and Casino for
exemption of mandatory tender offer obligation regarding Cnova as
provided in Article 5:70(1) of the Dutch Financial Supervision Act
Judgment granting request by FRH and
Casino for exemption of mandatory tender offer obligation regarding
Cnova as provided in Article 5:70(1) of the Dutch Financial
Supervision Act
Paris, 21 June 2024
Casino Guichard-Perrachon S.A. (Euronext Paris:
CO; ISIN: FR001400OKR3) hereby informs as follows: also on behalf
of France Retail Holdings S.à r.l. (an entity ultimately controlled
by Mr. Daniel Křetínský) (“FRH”), it is hereby announced that FRH
and Casino Guichard-Perrachon S.A. ("Casino") have on 20 June 2024
received a judgment of the Enterprise Chamber of the Amsterdam
Court of Appeal, the Netherlands, ("Enterprise Chamber"), granting
an exemption of the obligation provided in Article 5:70(1) of the
Dutch Financial Supervision Act (Wet op het financieel toezicht,
"FMSA") to make a mandatory tender offer for the shares and
depositary receipts issued with the cooperation of Cnova N.V.
("Cnova"), subject to the condition that Casino shall within four
months following the aforementioned judgment initiate statutory
buyout proceedings (uitkooprocedure) in accordance with Article
2:92a DCC in which the price for Cnova shares is at least equal to
the price per share that FRH would have had to offer in a mandatory
tender offer under French law, and whereby the obligation to make a
mandatory tender offer will revive should Casino not timely
initiate the aforementioned statutory buyout proceedings or the
Enterprise Chamber reject the statutory buyout claim.
***
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 06 21 - PR - FRH Cnova
Casino Guichard Perrachon (TG:CAJ)
Gráfica de Acción Histórica
De Sep 2024 a Oct 2024
Casino Guichard Perrachon (TG:CAJ)
Gráfica de Acción Histórica
De Oct 2023 a Oct 2024