(Boursier.com) — FRH and Casino Guichard Perrachon SA received on June 20, 2024 a decision from the Enterprise Chamber of the Court of Appeal of Amsterdam, Netherlands, granting an exemption from the obligation to file a public purchase offer provided for in article 5:70 on the shares and depositary certificates issued by Cnova NV, on the condition that Casino initiates, within four months of the above-mentioned decision, with the Chamber of Enterprises, a compulsory redemption procedure in accordance with Article 2 :92a DCC, in which the price of Cnova shares will be at least equal to the price per share that FRH should have offered as part of a mandatory public takeover offer on Cnova under French law, it being specified that the obligation to file a mandatory public takeover offer on Cnova would again be applicable if Casino did not initiate the aforementioned compulsory buyout procedure within the aforementioned deadline or if the Chamber of Enterprises rejected the mandatory buyout request.
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