- 2024 06 21 - PR - FRH Cnova (pdf 212 ko)
Casino Guichard-Perrachon S.A. (Euronext Paris: CO; ISIN: FR001400OKR3) hereby informs as
follows: also on behalf of France Retail Holdings S.à r.l. (an entity ultimately controlled by Mr.
Daniel Křetínský) (“FRH”), it is hereby announced that FRH and Casino Guichard-Perrachon
S.A. (“Casino”) have on 20 June 2024 received a judgment of the Enterprise Chamber of the
Amsterdam Court of Appeal, the Netherlands, (“Enterprise Chamber”), granting an
exemption of the obligation provided in Article 5:70(1) of the Dutch Financial Supervision
Act (Wet op het financieel toezicht, “FMSA”) to make a mandatory tender offer for the
shares and depositary receipts issued with the cooperation of Cnova N.V. (“Cnova”), subject
to the condition that Casino shall within four months following the aforementioned
judgment initiate statutory buyout proceedings (uitkooprocedure) in accordance with
Article 2:92a DCC in which the price for Cnova shares is at least equal to the price per share
that FRH would have had to offer in a mandatory tender offer under French law, and
whereby the obligation to make a mandatory tender offer will revive should Casino not
timely initiate the aforementioned statutory buyout proceedings or the Enterprise Chamber
reject the statutory buyout claim.
