Casino Leader Price Agen

4/7/2022 admin

Casino Group completed the sale to ALDI France of 545 Leader Price stores, 2 Casino supermarkets and 3 warehouses. Paris, 30 th 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). Casino Group has signed an agreement with Aldi France for the sale of Leader Price stores and warehouses in mainland France, for 735 million euros Casino Group today announces the signature with Aldi France of a unilateral promise to purchase with a view to the sale of.

Notes Partial cancellation of 2021, 2022 and 2023
Notes Partial cancellation of 2022 and 2023
Notes cancellation 2019
Notes cancellation 2020
Notes cancellation 2023

Outstanding Bonds

Currency	Amount (M€)	Coupon	Redemption date	ISIN	Download the documentation of the issue
Stand Alone	EUR	600	7.500% then CMS 10 + 1%⁽¹⁾	Perpetual maturity	FR0010154385	Offering circular – perp 100M€ (PDF, 1,17 Mo) Offering circular – perp 500 M€ (PDF, 1,17 Mo)
Stand Alone	EUR	750	Initial coupon : 4.870%. Coupon from 31/01/2019: 3.992% until 31/01/2024, then interest rate reset every 5 years + step-up mechanism	Perpetual maturity	FR0011606169	Prospectus
Under EMTN Programme
	EUR	322,3	Initial coupon: 4.726% Coupon from 26/05/2016: 5.976%⁽²⁾	26/05/2021	FR0011052661	– Final Terms (PDF, 181 Ko) – Base Prospectus (PDF, 871 Ko)
	EUR	355,8	Initial coupon: 1.865%	13/06/2022	FR0013260379	– Final Terms (PDF, 181 Ko) – Casino Tap 2022 Final Terms – Base Prospectus (PDF, 871 Ko)
	EUR	534,2	Initial coupon: 3.311% Coupon from 25/01/2017: 4.561%⁽²⁾	25/01/2023	FR0011400571	– Final Terms (PDF, 27,5 Ko) – Base Prospectus (PDF, 612 Ko)
	EUR	879,2	Initial coupon: 3.248% Coupon from 07/03/2017: 4.498%⁽²⁾	07/03/2024	FR0011765825	Final Terms (PDF, 439 Ko)
	EUR	444.2	Initial coupon: 2,330% Coupon from 07/02/2017: 3.580%⁽²⁾	07/02/2025	FR0012369122	– Final Terms (PDF, 321 Ko) – Base prospectus (PDF, 906 Ko)
	EUR	508.3	Initial coupon: 2.798% Coupon from 05/08/2016: 4.048%⁽²⁾	05/08/2026	FR0012074284	– Final Terms (PDF, 238 Ko) – Base Prospectus (PDF, 614 Ko)
Secured high yield Notes	EUR	800	Coupon: 5,875%	15/01/2024	XS2010039118 XS2010038490

⁽¹⁾ From 2005 to January 20th 2008: annual coupon of 7.5%
From January 20th, 2008 : quaterly coupon of CMS 10 years + 1%, capped to 9%

⁽²⁾ As per the documentation, coupon including a 1.25% step-up activated in the event of a downgrade of the Group’s rating by one rating agency. Standard & Poor’s has downgraded Casino, Guichard-Perrachon’s rating from BBB- to BB+ with a stable outlook on March 21st 2016.

EMTN Programme

Description

Casino Group completed the sale to ALDI France of 545 Leader Price stores, 2 Casino supermarkets and 3 warehouses

Paris, 30^th 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.

Furthermore, 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 17^th, 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.”

Disclaimer

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. 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.