Franprix Leader Price Casino
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Casino Group completed the sale to ALDI France of 545 Leader Price stores, 2 Casino supermarkets and 3 warehouses
Casino group remains the owner of the Leader Price brand and will continue to operate it in France and internationally, under certain conditions agreed with ALDI. The Group will keep its profitable. Franprix is a grocery store chain of the Groupe Casino. Groupe Casino: Subsidiaries: Leader Price: Website: franprix.fr: A location in Paris History.Paris, 30th November 2020,
Casino group has completed the sale to ALDI France of 545 Leader Price stores, 2 Casino supermarkets and 3 warehouses, for an enterprise value of 717 million euros (including an earn-out of up to €35 million).After taking into account €34 million of net liabilities transferred with the stores, disposal proceeds reach €683 million of which (i) €648 million received today, and (ii) up to €35 million earn-out which will be paid in the event of compliance with certain operational indicators during a transition period.Franprix Leader Price Casino Atlantic CityFurthermore, Casino group may sell additional Leader Price stores in the short term to ALDI, for an amount of up to €11 million.The agreement includes a transition period, running throughout 2021, during which the Casino group will manage the day-to-day operations until the stores are progressively converted to the ALDI banner.Casino group remains the owner of the Leader Price brand and will continue to operate it in France and internationally, under certain conditions agreed with ALDI. The Group will keep its profitable wholesale activity for 200 Leader Price franchise stores, and external or internal clients (Franprix, Casino Géant and Casino supermarkets).This sale follows information and consultation with the employee representative bodies, and the approval of the French Competition Authority which was provided on November 17th, 2020. It brings the total amount of completed non-strategic assets disposals to €2.8 billion since July 2018.Jean-Charles Naouri, Casino group’s Chairman and CEO, said: “I want to thank all of our employees in stores and warehouses for their work and commitment, and I wish them every success in their future activities within ALDI group. The sale of Leader Price to ALDI a major player in the discount retail segment, is fully in line with the Group’s transformation plan which was launched in 2018. Casino group will now fully focus on its most buoyant formats, e-commerce, premium and convenience, and on its new high-growth energy and data businesses.”DisclaimerThis 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. It should not be regarded by recipients as a substitute for the exercise of their own judgement. All the opinions expressed herein are subject to change without notice.
ANALYST AND INVESTOR CONTACTSLionel BENCHIMOL – +33 (0)1 53 65 64 17lbenchimol@groupe-casino.fror+33 (0)1 53 65 24 17IR_Casino@groupe-casino.frPRESS CONTACTSCasinoGroup – Direction of CommunicationStéphanie ABADIE - sabadie@groupe-casino.fr - +33 (0)6 26 27 37 05or+33(0)1 53 65 24 78 - directiondelacommunication@groupe-casino.frAgence IMAGE 7Karine ALLOUIS - +33(0)1 53 70 74 84 - kallouis@image7.frFranck PASQUIER – Tel : +33 (0)1 53 70 74 91 - fpasquier@image7.fr
AttachmentFranprix Leader Price Groupe Casino
FranprixSociété anonymeIndustryRetailFounded1958FounderJean BaudHeadquarters, Area servedFranceJean-Charles Naouri (CEO)ParentGroupe CasinoSubsidiariesLeader PriceWebsitefranprix.frA location in Paris
Franprix is a grocery storechain of the Groupe Casino, headquartered in Paris.[1]History[edit]References[edit]Franprix Leader Price Casino No Deposit
*^’Mentions légalesArchived 2011-07-20 at the Wayback Machine.’ Franprix. Retrieved on 24 June 2010. ’4 Rue Galilée, 75116 Paris’See also[edit]Franprix Leader Price Casino EntertainmentExternal links[edit]
*Franprix(in French)Wikimedia Commons has media related to Franprix.
Franprix Leader Price Casino BuffetRetrieved from ’https://en.wikipedia.org/w/index.php?title=Franprix&oldid=961526825’
Register here: http://gg.gg/nwgus
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Casino Group completed the sale to ALDI France of 545 Leader Price stores, 2 Casino supermarkets and 3 warehouses
Casino group remains the owner of the Leader Price brand and will continue to operate it in France and internationally, under certain conditions agreed with ALDI. The Group will keep its profitable. Franprix is a grocery store chain of the Groupe Casino. Groupe Casino: Subsidiaries: Leader Price: Website: franprix.fr: A location in Paris History.Paris, 30th November 2020,
Casino group has completed the sale to ALDI France of 545 Leader Price stores, 2 Casino supermarkets and 3 warehouses, for an enterprise value of 717 million euros (including an earn-out of up to €35 million).After taking into account €34 million of net liabilities transferred with the stores, disposal proceeds reach €683 million of which (i) €648 million received today, and (ii) up to €35 million earn-out which will be paid in the event of compliance with certain operational indicators during a transition period.Franprix Leader Price Casino Atlantic CityFurthermore, Casino group may sell additional Leader Price stores in the short term to ALDI, for an amount of up to €11 million.The agreement includes a transition period, running throughout 2021, during which the Casino group will manage the day-to-day operations until the stores are progressively converted to the ALDI banner.Casino group remains the owner of the Leader Price brand and will continue to operate it in France and internationally, under certain conditions agreed with ALDI. The Group will keep its profitable wholesale activity for 200 Leader Price franchise stores, and external or internal clients (Franprix, Casino Géant and Casino supermarkets).This sale follows information and consultation with the employee representative bodies, and the approval of the French Competition Authority which was provided on November 17th, 2020. It brings the total amount of completed non-strategic assets disposals to €2.8 billion since July 2018.Jean-Charles Naouri, Casino group’s Chairman and CEO, said: “I want to thank all of our employees in stores and warehouses for their work and commitment, and I wish them every success in their future activities within ALDI group. The sale of Leader Price to ALDI a major player in the discount retail segment, is fully in line with the Group’s transformation plan which was launched in 2018. Casino group will now fully focus on its most buoyant formats, e-commerce, premium and convenience, and on its new high-growth energy and data businesses.”DisclaimerThis 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. It should not be regarded by recipients as a substitute for the exercise of their own judgement. All the opinions expressed herein are subject to change without notice.
ANALYST AND INVESTOR CONTACTSLionel BENCHIMOL – +33 (0)1 53 65 64 17lbenchimol@groupe-casino.fror+33 (0)1 53 65 24 17IR_Casino@groupe-casino.frPRESS CONTACTSCasinoGroup – Direction of CommunicationStéphanie ABADIE - sabadie@groupe-casino.fr - +33 (0)6 26 27 37 05or+33(0)1 53 65 24 78 - directiondelacommunication@groupe-casino.frAgence IMAGE 7Karine ALLOUIS - +33(0)1 53 70 74 84 - kallouis@image7.frFranck PASQUIER – Tel : +33 (0)1 53 70 74 91 - fpasquier@image7.fr
AttachmentFranprix Leader Price Groupe Casino
FranprixSociété anonymeIndustryRetailFounded1958FounderJean BaudHeadquarters, Area servedFranceJean-Charles Naouri (CEO)ParentGroupe CasinoSubsidiariesLeader PriceWebsitefranprix.frA location in Paris
Franprix is a grocery storechain of the Groupe Casino, headquartered in Paris.[1]History[edit]References[edit]Franprix Leader Price Casino No Deposit
*^’Mentions légalesArchived 2011-07-20 at the Wayback Machine.’ Franprix. Retrieved on 24 June 2010. ’4 Rue Galilée, 75116 Paris’See also[edit]Franprix Leader Price Casino EntertainmentExternal links[edit]
*Franprix(in French)Wikimedia Commons has media related to Franprix.
Franprix Leader Price Casino BuffetRetrieved from ’https://en.wikipedia.org/w/index.php?title=Franprix&oldid=961526825’
Register here: http://gg.gg/nwgus
https://diarynote.indered.space
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