Casino Group: Real estate asset sales
27 Settembre 2024 - 8:30AM
UK Regulatory
Casino Group: Real estate asset sales
Casino Group sells over €200m of
commercial real estate assets to Tikehau Capital
Paris, 27 September 2024
Following the signature in June 2024 of an
agreement with Tikehau Capital covering a portfolio of 30 real
estate assets, Casino Group announced that on Thursday, 26
September 2024 it had finalized the sale of 26 of these, for a net
selling price of over 200 million euros, excluding subsequent
earn-outs.
The sale of the remaining assets, provided for
in the agreements, will be finalized in the coming weeks, once the
usual conditions precedent have been lifted.
The overall portfolio comprises hypermarket and
supermarket premises leased to Casino, Intermarché, Carrefour and
Auchan, as well as ancillary lots within these real estate
complexes, some of which offer real estate development
potential.
Tikehau Capital has entrusted Casino Group with
the property management of these assets for a period of 5
years.
The net proceeds from the sale will be used to
reduce Casino Group's financial debt vis-à-vis the bondholders of
its subsidiary Quatrim, in accordance with current documentation.
The transactions carried out in the third quarter 2024 will enable
the repayment in the next few days of around 206 million euros to
the bondholders.
***
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
Charlotte IZABEL -
cizabel@groupe-casino.fr - Tél : +33 (0)1 53 70 51 29
IR_Casino@groupe-casino.fr - Tél : +33 (0)1
53 65 24 17
PRESS CONTACTS
Casino Group – Communications
Department
Stéphanie ABADIE -
sabadie@groupe-casino.fr - Tél : +33 (0)6 26 27 37 05
directiondelacommunication@groupe-casino.fr -
Tél : + 33(0)1 53 65 24 78
- 2024 09 27 - PR - Real estate asset sales
Grafico Azioni Casino Guichard Perrachon (TG:CAJ)
Storico
Da Ott 2024 a Nov 2024
Grafico Azioni Casino Guichard Perrachon (TG:CAJ)
Storico
Da Nov 2023 a Nov 2024
