(CercleFinance.com) – Casino announces that the French Ministry of the Economy issued its decision on January 11, 2024 authorizing, under the control of foreign investments in France, the takeover of the Group by the consortium composed of EP Equity Investment III, Fimalac and Attestor.
The consortium’s acquisition vehicle (France Retail Holdings) will be controlled by EP Equity Investment III, a company controlled by Daniel Křetínský.
Casino recalls that the completion of its financial restructuring remains linked to the decisions of the competition authorities, the authorization by the European Commission under the regulations on foreign subsidies (Foreign Subsidies), the authorization by the Luxembourg Insurance Authority of the indirect change of control of Casino RE (the Group’s reinsurance subsidiary) and the approval of the accelerated safeguard plans for Casino, Casino Finance, Distribution Casino France, Casino Participations France, Quatrim, Monoprix and Ségisor by the Paris Commercial Court .
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