Leader Price Et Casino
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Casino Group completed the sale to ALDI France of 545 Leader Price stores, 2 Casino supermarkets and 3 warehouses
The Leader Price brand does not disappear. The Casino group remains the owner and will even continue to operate 70 stores under this brand in France, only in areas far from those of Aldi. ’At the same time, the 95 Overseas and Italian Leader Prices also remain Leader Price,’ said the spokesperson.Paris, 30th November 2020,Leader Price Et Casino Entertainment
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). Dream casino bonus codes $200 no deposit 2019.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.
The source said both parties agreed on a 750 million euro ($834 million) value for Leader Price, but the deal is not yet signed. Casino declined to comment on the matter. Aldi did not immediately. French supermarket retailer Casino said on Friday it had agreed to sell 567 Leader Price stores, and three warehouses, to German discount rival Aldi in a deal worth 735 million euros ($792 million. Leader Price is France’s first discount banner to offer drive-through service, now available at over 100 stores. To enhance its relationship with customers and meet their emerging needs, Leader Price has launched a new concept in France designed to satisfy demand for local convenience, discounts and low prices: Leader Price Express. The sale of discount chain Leader Price marks the latest in a series of disposals by Casino as part of plans to cut debt and improve its financial position. Casino has often struggled within the.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 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.”Disclaimer Phone casino reviews.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.
ANALYST AND INVESTOR CONTACTS
Lionel BENCHIMOL – +33 (0)1 53 65 64 17
lbenchimol@groupe-casino.fr
or+33 (0)1 53 65 24 17
IR_Casino@groupe-casino.fr
PRESS CONTACTS
CasinoGroup – Direction of Communication
Stéphanie ABADIE - sabadie@groupe-casino.fr - +33 (0)6 26 27 37 05or+33(0)1 53 65 24 78 - directiondelacommunication@groupe-casino.frAgence IMAGE 7
Karine ALLOUIS - +33(0)1 53 70 74 84 - kallouis@image7.fr
Franck PASQUIER – Tel : +33 (0)1 53 70 74 91 - fpasquier@image7.fr
AttachmentLeader Price Et Casino No Deposit
French supermarket group Casino has launched a refinancing to clean out its upcoming debt maturities, hitting the final issuance slot given the long syndication timeline for raising a term loan’ B’. It aims to issue a €200m TLB and a €300m unsecured bond, while launching a tender offer to buy back up to €1.2bn of outstanding debt.
Casino said that after the transaction it will have largely covered maturities until 2024. If it is unable to buy back all the bonds it wants during the tender, it will place the new cash in a segregated account to repay maturities.Muddy Waters attacked the supermarket group .. Leader Price Et Casino SlotsContinue reading this articleLeader Price Et Casino Montreal
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Casino Group completed the sale to ALDI France of 545 Leader Price stores, 2 Casino supermarkets and 3 warehouses
The Leader Price brand does not disappear. The Casino group remains the owner and will even continue to operate 70 stores under this brand in France, only in areas far from those of Aldi. ’At the same time, the 95 Overseas and Italian Leader Prices also remain Leader Price,’ said the spokesperson.Paris, 30th November 2020,Leader Price Et Casino Entertainment
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). Dream casino bonus codes $200 no deposit 2019.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.
The source said both parties agreed on a 750 million euro ($834 million) value for Leader Price, but the deal is not yet signed. Casino declined to comment on the matter. Aldi did not immediately. French supermarket retailer Casino said on Friday it had agreed to sell 567 Leader Price stores, and three warehouses, to German discount rival Aldi in a deal worth 735 million euros ($792 million. Leader Price is France’s first discount banner to offer drive-through service, now available at over 100 stores. To enhance its relationship with customers and meet their emerging needs, Leader Price has launched a new concept in France designed to satisfy demand for local convenience, discounts and low prices: Leader Price Express. The sale of discount chain Leader Price marks the latest in a series of disposals by Casino as part of plans to cut debt and improve its financial position. Casino has often struggled within the.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 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.”Disclaimer Phone casino reviews.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.
ANALYST AND INVESTOR CONTACTS
Lionel BENCHIMOL – +33 (0)1 53 65 64 17
lbenchimol@groupe-casino.fr
or+33 (0)1 53 65 24 17
IR_Casino@groupe-casino.fr
PRESS CONTACTS
CasinoGroup – Direction of Communication
Stéphanie ABADIE - sabadie@groupe-casino.fr - +33 (0)6 26 27 37 05or+33(0)1 53 65 24 78 - directiondelacommunication@groupe-casino.frAgence IMAGE 7
Karine ALLOUIS - +33(0)1 53 70 74 84 - kallouis@image7.fr
Franck PASQUIER – Tel : +33 (0)1 53 70 74 91 - fpasquier@image7.fr
AttachmentLeader Price Et Casino No Deposit
French supermarket group Casino has launched a refinancing to clean out its upcoming debt maturities, hitting the final issuance slot given the long syndication timeline for raising a term loan’ B’. It aims to issue a €200m TLB and a €300m unsecured bond, while launching a tender offer to buy back up to €1.2bn of outstanding debt.
Casino said that after the transaction it will have largely covered maturities until 2024. If it is unable to buy back all the bonds it wants during the tender, it will place the new cash in a segregated account to repay maturities.Muddy Waters attacked the supermarket group .. Leader Price Et Casino SlotsContinue reading this articleLeader Price Et Casino Montreal
Try full access to GlobalCapital
Register here: http://gg.gg/vd46f
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