Casino: Sale of 90 stores to Groupement Les Mousquetaires and Auchan Retail France







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(Boursier.com) — In accordance with the agreements concluded on January 24, 2024, with the Groupement Les Mousquetaires and Auchan Retail France, and on February 8, 2024 with Crossroads for the sale of a total of 287 stores, the group Casino today announced the sale of 90 stores.
The sale of the remaining 76 stores will take place on July 1, 2024. This transaction is carried out on the basis of an enterprise value of the stores sold of 345 million euros.

It is recalled that the Groupement Les Mousquetaires and Auchan Retail France are committed to:
– take over all employment contracts of employees assigned to stores and service stations transferred in accordance with article L. 1224-1 of the Labor Code
– and to maintain with regard to employees assigned to the stores, the provisions and benefits resulting from the Casino collective status for a minimum period of 15 months from the date of completion of the transfer.

The Les Mousquetaires Group and Auchan Retail France are also committed to encouraging the candidacy of Casino group employees for available positions or to offering them the opportunity to become business manager of a store.

The Casino group would like to thank all employees for their commitment to serving the Group throughout their careers and their contribution to making Casino a brand loved and recognized by customers.


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