16 July 2018
Casino Group: Communication from the French Competition Authority
Casino Group was informed today of the French Competition Authority's ( Autorité de la Concurrence ) communication regarding the « Purchasing alliances in the food retail sector » ( « Rapprochements à l'achat dans le secteur de la grande distribution à dominante alimentaire » ) and the opening of investigations.
As far as Horizon Alliances (of which Casino Group is a partner) are concerned, the Authority opened an investigation on 24 May 2018, following the submission of the information file on 18 May 2018. This procedure, which is standard and non-suspensive of the agreements' implementation, allows extended access to information and, in particular, allows suppliers to be interviewed.
Moreover, in order to be always more respectful of the right balance in relations with suppliers, Horizon's partners - a new generation purchasing organization - took several commitments directly inspired from the conclusions of the General French Food Convention ( Etats Généraux de l'Alimentation ).
CASINO GROUP
ANALYST AND INVESTOR CONTACTS:
Régine GAGGIOLI - rgaggioli@groupe-casino.fr - +33 (0)1 53 65 64 17 Or +33 (0)1 53 65 24 17 - IR_Casino@groupe-casino.fr
PRESS CONTACTS:
Casino Group - Direction of Communication Stéphanie ABADIE - sabadie@groupe-casino.fr - +33 (0)6 26 27 37 05 Or +33(0)1 53 65 24 78 - directiondelacommunication@groupe-casino.fr
Agence IMAGE 7 +33(0)1 53 70 74 84 - Karine ALLOUIS - kallouis@image7.fr - Grégoire LUCAS - gregoire.lucas@image7.fr
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. Similarly, it does not give and should not be treated as giving investment advice. It has no connection with the investment objectives, financial situation or specific needs of any recipient. No representation or warranty, either express or implicit, 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 exercise of their own judgement. All opinions expressed herein are subject to change without notice.
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