Casino Group: Store disposals to Groupement Les Mousquetaires and Auchan Retail France
July 02 2024 - 1:55AM
Casino Group: Store disposals to Groupement Les Mousquetaires and
Auchan Retail France
Store disposals to Groupement
Les Mousquetaires and Auchan Retail France
Paris, 2 July 2024
Casino Group announces the sale of 66 stores1
following the agreements reached on 24 January 2024, with
Groupement Les Mousquetaires and Auchan Retail France2.
This transaction is based on an enterprise value
of the stores sold of 213 million euros.
It is reminded that Groupement Les Mousquetaires
and Auchan Retail France have undertaken to:
- take over all
the employment contracts of employees assigned to the transferred
stores and service stations, in accordance with article L. 1224-1
of the French Labour Code, and ;
- maintain, for
employees assigned to the stores, the provisions and benefits
resulting from the Casino collective statutes for a minimum period
of 15 months from the date of completion of the transfer3.
Groupement les Mousquetaires and Auchan Retail
France have also undertaken to encourage group Casino employees to
apply for available positions, or to offer them the chance to
become store managers.
The Casino group would like to thank all
employees for their commitment to serving the Group throughout
their careers. They contributed to making the Casino brand loved
and recognized by customers.
***
Groupe Casino also announces that it has sold
its controlling 51% stake in 5 hypermarkets to Groupement les
Mousquetaires. Groupement les Mousquetaires already holds a 49%
stake in these hypermarkets from 30 September 2023.
***
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
1 Groupement Les Mousquetaires: 35 supermarkets,
1 Spar; Auchan Retail France: 28 supermarkets, 2 drive-throughs
2 Agreements reached on 24 January 2024 with
Groupement Les Mousquetaires and Auchan Retail France, and as well
as on 8 February 2024 with Carrefour, to sell a combined total of
287 stores: 10 stores, for which the conditions precedent have not
yet been lifted in time, will be sold on a deferred basis
3 Barring more favorable benefits applicable to
transferred employees and/or negotiation of a substitution
agreement under articles L. 2261-14 et seq. of the French Labor
Code
- 2024 07 02 - PR - Cession de magasins à ITMxAuchan
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