Casino Group Facilitates Transition for Cnova N.V. Shareholders

Author: Kelly Martin Updated: 02-12-2025 02:45 AM

Recent Developments in Cnova N.V. Buy-Out Proceedings

Casino, Guichard-Perrachon S.A. (Euronext Paris: CO), is embarking on a pivotal journey regarding the buy-out process of minority shareholders within Cnova N.V. This follows a recent ruling from the Enterprise Chamber in the Court of Appeal in Amsterdam.

Cnova N.V. Buy-Out Approval

In a key decision made by the Enterprise Chamber, it was determined that the buy-out price for shareholders of Cnova N.V. would stand at EUR 0.09 per share. This price is considered a fair valuation of the shares and will be honored with cash payments complemented by accrued statutory interest starting from a specified date in 2024.

Process for Shareholders

Shareholders in Cnova N.V. have the opportunity to voluntarily transfer their shares to Casino. A brief period for this voluntary transfer will be announced by Casino soon, and it is expected to last for ten weeks. This initiative enables shareholders to make a smooth transition, allowing them to receive their compensation directly.

Enforcement Measures for Non-Participating Shareholders

For shareholders who do not engage in the voluntary transfer process, Casino will enforce the Enterprise Chamber's ruling. A payment corresponding to the buy-out price will be made to the consignment fund of the Dutch Ministry of Finance, after which the shares will be transferred to Casino automatically. Shareholders will then be entitled to claim their buy-out price from this fund in accordance with prevailing laws.

Looking Ahead: Next Steps for Shareholders

As the process unfolds, Casino is committed to keeping all affected parties informed. Shareholders can expect further announcements detailing the modalities of the transfer and how they can proceed with the claiming process. The relevant information will be accessible on Casino's official website.

Contact Information for Stakeholders

For any inquiries related to this buy-out process, interested parties are encouraged to reach out to Casino's designated contacts:

For Investors and Analysts

Charlotte Izabel can be contacted at cizabel@groupe-casino.fr or call at +33 (0)6 89 19 88 33 for detailed investment-related questions.

For Public Relations Inquiries

Stéphanie Abadie, from Casino Group's Communications Department, is available at sabadie@groupe-casino.fr or +33 (0)6 26 27 37 05 for press-related information.

Frequently Asked Questions

What is the buy-out price per share for Cnova shareholders?

The buy-out price has been set at EUR 0.09 per share for Cnova N.V. shareholders.

How long do shareholders have to sell their shares voluntarily?

Casino will soon announce a ten-week period during which shareholders can voluntarily transfer their shares.

What happens if shareholders do not participate in the voluntary transfer?

If shareholders do not voluntarily transfer their shares, Casino will purchase the remaining shares through a consignment fund managed by the Dutch Ministry of Finance.

How will shareholders receive their payment?

Shareholders will receive their compensation from the consignment fund in accordance with applicable laws after shares are transferred to Casino.

Where can I find more information about the buy-out process?

Additional details will be provided on Casino's official website as they become available.

About The Author

Hello Kelly Martin here, a financial and publicly traded company specialist committed to writing with clarity and sage advice. Having a wealth of experience and a thorough grasp of corporate dynamics and the financial environment, my main goal in writing blog posts and articles is to provide insightful analysis together with useful guidance. My objective is to arm readers with the information they need to comprehend the complexities of publicly traded companies and make wise financial decisions.

Writing for several financial blogs has let me interact with a wide range of readers, from novice investors to seasoned pros looking for fresh perspectives. My goal is to make corporate analysis and finance understandable and interesting so you may confidently negotiate the intricacies of the financial world. I appreciate you traveling with me toward success and financial literacy.

Contact Kelly Martin privately here. Or send an email with ATTN: Kelly Martin as the subject to contact@investorshangout.com.

About Investors Hangout

Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/

The content of this article is based on factual, publicly available information and does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice, and the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. This article should not be considered advice to purchase, sell, or hold any securities or other investments. If any of the material provided here is inaccurate, please contact us for corrections.