November 2, 2024

Groupe Casino: Update on financial restructuring conditions precedent; European Commission merger control clearance – Yahoo Finance

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Update on financial restructuring conditions precedent
European Commission merger control clearance
Paris, 8 January 2024
Casino announces that on 5 January 2024, the European Commission issued a decision authorizing, under merger control, the consortium (composed of EP Equity Investment III
s.à.r.l., Fimalac and Attestor) to take control of the Group as part of the financial restructuring, it being specified that the consortium's acquisition vehicle will be controlled by EP Equity Investment III s.à r.l., a company controlled by Mr. Daniel Křetínský.
The Group points out that the completion of its financial restructuring remains subject to the satisfaction (or waiver, where permitted by the draft accelerated safeguard plan) of the following conditions precedent:
authorization from the French Ministry of the Economy to control foreign investments;
waiver from the Autorité des Marchés Financiers (AMF) of the obligation for the Consortium and its members to file a public offer for Casino shares;
authorization from the European Commission under the Foreign Subsidies Regulation;
authorization by the Luxembourg Insurance Authority of the indirect change of control of Casino RE (the Group's reinsurance subsidiary); and
the Paris Commercial Court approval of the accelerated safeguard plans for Casino, Casino Finance, Distribution Casino France, Casino Participations France, Quatrim, Monoprix and Ségisor.

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. Recipients should not consider it as a substitute for the exercise of their own judgement. All the opinions expressed herein 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
or
IR_Casino@groupe-casino.fr – Tel: +33 (0)1 53 65 24 17
PRESS CONTACTS
Groupe Casino Communications
directiondelacommunication@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
Franck Pasquier – fpasquier@image7.fr – Tel: + 33(0)6 73 62 57 99
Attachment
2024 01 08 – PR – Casino

Buffett's public comments about this stock could make you scratch your head a little.
The growth-focused money manager added to these three existing positions on Wednesday.
This discarded stock has the potential to surprise investors going forward.
Bitcoin and crypto stocks are mixed after rising in tandem to start Thursday, the first trading day of U.S. [exchange-traded funds](https://www.wsj.com/livecoverage/stock-market-today-cpi-report-inflation-01-11-2024/card/bitcoin-etfs-here-are-the-tickers-to-watch-kjlkjI4pKrQfrbOo5co9) holding the largest digital currency.
(Bloomberg) — The first US ETFs that directly hold Bitcoin are off to a strong start, with billions of dollars changing hands in a historical first day of trading for the long-sought investment vehicles. Most Read from BloombergGoogle Lays Off Hundreds in Hardware, Assistant, EngineeringSEC Authorizes Bitcoin-Spot ETFs in Crypto’s BreakthroughThese Are the World’s Most Powerful Passports in 2024US Inflation Picks Up, Signaling Bumpy Path for FedWhite House Throws Support Behind Seizing Frozen R
Supply constraints for the artificial intelligence (AI) hardware market are expected to continue in 2024, which could be good news for AI chip investors.
Nikola (NKLA) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
I appreciate management teams that can make effective investments in improving the business.
"You don't have to do a lot of trading," Eddy Elfenbein said on Josh Brown's podcast. "You don't have to get well-known growth stock names."
Palantir stock stumbled to close out 2023 and kick off 2024, but AI and software peer Parsons is taking aim at a fresh breakout.
Selling your longtime home and downsizing in retirement is a common practice for people entering their golden years. While profits from a home sale are considered capital gains, the IRS typically allows you to exclude part of the profit – if not all of it – from your taxes. But what if you sold your […] The post I’m Selling My House and Netting $640k to Downsize for Retirement. How Can I Avoid Capital Gains Taxes? appeared first on SmartReads by SmartAsset.
Stocks fell into negative territory after the latest inflation report showed price increases aren't falling as quickly as expected.
In the most recent trading session, Medical Properties (MPW) closed at $3.64, indicating a -0.55% shift from the previous trading day.
KWEB, Tencent Holdings, PDD Holdings, NetEase and Alibaba are part of the Zacks Investment Ideas article.
The first exchange-traded funds in the U.S. holding spot bitcoin started trading Thursday after [getting the greenlight](https://www.wsj.com/finance/regulation/sec-approves-bitcoin-etfs-for-everyday-investors-dc3125ef) from the Securities and Exchange Commission.
It takes more than having "AI" in the name to make the stock a promising investment.
Carnival (CCL) focuses on strategic bundling, pre-cruise sales and enhancing newer ships with additional features to boost onboard revenues. However, increased expenses pose a challenge.
The stock market posted gains across the major indexes in afternoon trading. CrowdStrike hit a high.
(Bloomberg) — Lucid Group Inc.’s vehicle deliveries came in slightly ahead of analyst estimates in the fourth quarter, capping a rocky year for the maker of high-end electric cars.Most Read from BloombergGoogle Lays Off Hundreds in Hardware, Voice Assistant TeamsSEC Authorizes Bitcoin-Spot ETFs in Crypto’s BreakthroughThese Are the World’s Most Powerful Passports in 2024Amazon’s Twitch to Cut 500 Employees, About 35% of StaffWhite House Throws Support Behind Seizing Frozen Russian AssetsLucid s
Nvidia is confident that it can grow revenue in 2024 and 2025.

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