Casino Group sells €71m of real estate assets to Groupement Les Mousquetaires or substitute buyers
Following the agreement signed at the end of 20241 with Groupement Les Mousquetaires for the sale of 69 real estate assets, Casino Group announces that it has finalised, during the first quarter of 2025, sales of 61 assets for a price of €71 million paid by Groupement Les Mousquetaires companies or substitute buyers.
These assets mainly comprise car parks, service stations, supermarket premises and ancillary lots adjoining stores now operated by Groupement Les Mousquetaires.
Sales of the remaining assets will be closed once the usual conditions precedent have been lifted.
The net proceeds from the sale will be used to reduce Casino Group financial debt to the bondholders of its subsidiary Quatrim, in accordance with current documentation, part of which has already been allocated at the time of redemption on February 18, 2025.2
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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. Similarly, it does not give and should not be treated as giving investment advice. It has no connection with the investment objectives, financial situation or specific needs of any recipient. No representation or warranty, either express or implicit, 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 exercise of their own judgement. All opinions expressed herein are subject to change without notice.
ANALYSTS AND INVESTORS CONTACTS
Charlotte IZABEL – [email protected] – Tél : +33 (0)6 89 19 88 33
[email protected] – Tél : +33 (0)1 53 65 24 17
PRESS CONTACTS
Casino Group – Communications Department
Stéphanie ABADIE – [email protected] – Tél : +33 (0)6 26 27 37 05
[email protected] – Tél : + 33(0)1 53 65 24 29
1 3 December 2024 – PR: 2024-12-03-PR-Real-estate-asset-sales.pdf
2 19 February 2025 – PR: 2025-02-19-PR-Quatrim-Redemption.pdf
Attachment
- 2025 03 28 – PR – Asset Sale
