Exito Casino Group
Exito Casino Group, best in slot mage gear wow, casino 888 ruleta gratis, moe's casino. The Casino group is ranked 1st food distributor in the world for its CSR commitments by the Wall Street Journal. 02 December 2020 - Updated 04 December 2020. Casino also continued to execute its plans to strengthen the Group's structure: Execution of the refinancing plan, with €1.8bn in new financing secured and the establishment of a new confirmed credit line in France maturing in October 2023, which has extended the average maturity of the Group's credit lines from 1.6 to 3.6 years.
- Group Debt Casino, which owns 54.8 percent of Exito, will remain controlling shareholder of the Colombian company and doesn’t rule out acquiring more shares in the businesses in coming months.
- The latest company information, including net asset values, performance, holding & sectors weighting, changes in voting rights, and directors and dealings.
Paris, on July 25th, 2019
On July 24th 2019, in the context of the project that would lead to the simplification of Casino Group's structure in Latin America, the Board of Directors of Casino approved the decision:
- to tender Casino's entire stake (55.3%) in Éxito to GPA's tender offer; and
- to offer to purchase from Éxito, immediately following completion of GPA's tender offer, Éxito's equity interest in GPA through the French company Segisor (which itself holds 99.9% of the voting rights and 37.3% of the economic rights of GPA), based on a price per GPA share of 109 BRL.
This price represents a 24% premium over GPA last 3-month Volume Weighed Average Price before June 27th 2019, the date on which the possibility of the GPA's tender offer was publicly announced.
On that same day, Casino also takes note of GPA Board of Directors' decision to launch, through a wholly-owned subsidiary, an all-cash tender offer to acquire up to 100% of Éxito at a price per share of 18,000 COP.
This price represents a 26% premium over Éxito last 3-month Volume Weighed Average Price before June 27th 2019.
Exito Casino Group Las Vegas
The filing by GPA of its tender offer with the Financial Superintendence of Colombia would be made after Éxito will have approved, as the case may be, and pursuant to applicable law, the documentation allowing Casino to exercise exclusive control over Segisor and to acquire Éxito’s stake in Segisor immediately following the completion of the tender offer.
This simplification project also includes the migration of GPA shares to the Novo Mercado B3 listing segment, with the conversion of preferred shares (PN) into ordinary shares (ON) at an exchange ratio of 1:1, allowing to end the existence of two classes of shares and giving GPA access to an extended base of international investors.
Following completion of GPA's tender offer and Casino's acquisition of Éxito's equity interest in Segisor, Casino would hold 41.4% of GPA, which would itself become the controlling shareholder of Éxito and its subsidiaries in Uruguay and Argentina.
Casino's acquisition offer made to Éxito is to be examined by the audit committee of Éxito.
These transactions remain subject to corporate approvals of competent governance bodies.
ANALYST AND INVESTOR CONTACTS
Régine Gaggioli – +33 (0)1 53 65 64 17
rgaggioli@groupe-casino.fr
or
Exito Casino Group Logo
+33 (0)1 53 65 24 17
IR_Casino@groupe-casino.fr
PRESS CONTACTS
CasinoGroup – 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
Karine ALLOUIS - +33(0)1 53 70 74 84 - 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. Likewise, it does not provide and should not be treated as providing investment advice. It has no connection with the specific investment objectives, financial situation or needs of any receiver. No representation or warranty, either express or implied, 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 the exercise of their own judgement. All the opinions expressed herein are subject to change without notice.
Attachment
Represented by its branch, Grupo Éxito, Casino Group has been present in Colombia since 1999. First distributor in the country, Grupo Éxito benefits from a multiformat and multi-channel model to support the growth in this sector. From new premium stores Carulla FreshMarket dedicated to responsible consumption to the the discount aisles of Surtimayorista, these brands are constantly innovating to fulfill the demands of consumers.
Carulla, a premium supermarket and convenience store banner, is the Colombian specialist in quality fresh produce, with an enhanced market area, traditional food sections, imported gourmet products and a vast selection of environmentally responsible local products.
En chiffres :98 stores and 4,500 employees
In 2019:
> Launch of Carulla SmartMarket in Bogotá, Colombia’s fi rst smart retail lab. > Recognised by America Retail as the best retailer in Colombia in terms of innovation, sustainability and digitalisation.
> Strengthening of the FreshMarket format with the opening of 12 stores in the country’s major cities.
> Opening of Carulla FreshMarket Country, Latin America’s fi rst store to implement a new autonomous system for preparing e-commerce orders.
> Launch of the Carulla app, which has already been downloaded more than 410,000 times.
Colombia’s long-standing No. 1 retailer, Éxito addresses a broad customer base with a network including hypermarkets, supermarkets and convenience stores. It has built up a locally produced apparel line which has become an industry leader, and is developing its e-commerce business through its exito.com website.
Figures: 249 stores (including 9 Wow stores)/79 Éxito Express stores/ 22,000 employees
En 2019 :
> Celebration of the brand’s 70th anniversary.
> Recognised as one of the world’s 10 most sustainable food producers (Dow Jones Sustainability Emerging Markets Index).
> Opening of seven Wow stores.
> Launch of the Éxito app in March with 1.5 million downloads.
> Launch of the Arkitect Maestros Ancestrales collection in partnership with the Embera Chamí indigenous group.
> Partnership with Egan Bernal, winner of the 2019 Tour de France.
www.exito.com
Very popular supermarkets due to their competitive off ering of quality food products, Surtimax and Super Inter enjoy complementary geographical locations. Both banners also support 1,300 local partner shops, the “Aliados” networks.
Figures: 92 stores/1,600 employees
In 2019:
> Highly appreciated quality of service, with customers awarding it a satisfaction rating of 4.6 out of 5.
A cash & carry banner, Surti Mayorista off ers professional and private customers a comprehensive selection, particularly in terms of fresh produce, at the lowest prices. Surti Mayorista uses effi cient processes and logistics suited to bulk purchases.
Figures: 30 stores/660 employees
In 2019:
> 12 store openings.
> New wholesale off ering and implementation of personalised customer advice on business profi tability.
> Enhancement of the customer experience with the implementation of 24 digital kiosks, which enable customers to access discounts and personalised off ers in real time.