Casino Group Completes Buy-Out of Cnova N.V. Minority Shareholders

Casino, Guichard-Perrachon S.A. has finalized the buy-out of minority shareholders in Cnova N.V., announcing the completion of voluntary share transfers. As of the closing date, 2,945,004 shares were tendered to Casino at 0.0958 € per share, or 0.1103 USD for those registered with the Depositary Trust Company. Settlement of these transactions is scheduled for 18 June 2025. Additionally, Casino acquired 659,383 more shares, bringing its holding to 99.85% of Cnova.

Casino is preparing to consign funds for the remaining 504,252 Cnova shares to the Dutch consignment fund. This consignment will be completed shortly, facilitating the automatic transfer of these shares to Casino under Dutch regulations. Former shareholders must provide a holding statement to claim buy-out prices.

Cnova shares have been suspended from trading, with delisting expected by 20 June 2025 post-squeeze-out procedure. Further announcements on the procedure's outcome will follow from Euronext and Casino.