Skip to main content

Casino Group: GPA capital increase and dilution of Casino stake

Written by Customer Service on . Posted in Public Companies.

GPA capital increase and dilution of Casino stake

Paris, 14 March 2024

Following the communication made on December 11th, 2023, Casino Group announces today the completion of Grupo Pão de Açucar (“GPA”) primary offering with 220.000.000 new shares at 3,2 BRL per share, for a total placement amount of BRL 704 million.

At the end of the transaction, the Casino Group’s GPA capital stake will be 22.5% and will therefore no longer control the company. Casino Group will maintain 2 members at GPA board of directors, as announced previously to the market.

***

This communication is for informational purposes only under the current applicable laws and regulations, and is neither an offer to sell nor a solicitation of an offer to buy the securities described herein, nor shall there be any sale of these securities in any jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

ANALYSTS AND INVESTORS CONTACTS

Christopher WELTON – cwelton.exterieur@groupe-casino.fr – Tel: +33 (0)1 53 65 64 17
or
IR_Casino@groupe-casino.fr – Tel: +33 (0)1 53 65 24 17

PRESS CONTACTS

Groupe Casino Communications

Stéphanie Abadie – sabadie@groupe-casino.fr – Tel: +33 (0)6 26 27 37 05
or
directiondelacommunication@groupe-casino.fr – Tel: + 33(0)1 53 65 24 78

Agence IMAGE 7

Karine Allouis – kallouis@image7.fr – Tel: +33 (0)6 11 59 23 26

Laurent Poinsot – lpoinsot@image7.fr – Tel: + 33(0)6 80 11 73 52

Franck Pasquier – fpasquier@image7.fr – Tel: + 33(0)6 73 62 57 99

Attachment

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Important Notice for Investors:

The services and products offered by Goldalea Capital Ltd. are intended exclusively for professional market participants as defined by applicable laws and regulations. This typically includes institutional investors, qualified investors, and high-net-worth individuals who have sufficient knowledge, experience, resources, and independence to assess the risks of trading on their own.

No Investment Advice:

The information, analyses, and market data provided are for general information purposes only and do not constitute individual investment advice. They should not be construed as a basis for investment decisions and do not take into account the specific investment objectives, financial situation, or individual needs of any recipient.

High Risks:

Trading in financial instruments is associated with significant risks and may result in the complete loss of the invested capital. Goldalea Capital Ltd. accepts no liability for losses incurred as a result of the use of the information provided or the execution of transactions.

Sole Responsibility:

The decision to invest or not to invest is solely the responsibility of the investor. Investors should obtain comprehensive information about the risks involved before making any investment decision and, if necessary, seek independent advice.

No Guarantees:

Goldalea Capital Ltd. makes no warranties or representations as to the accuracy, completeness, or timeliness of the information provided. Markets are subject to constant change, and past performance is not a reliable indicator of future results.

Regional Restrictions:

The services offered by Goldalea Capital Ltd. may not be available to all persons or in all countries. It is the responsibility of the investor to ensure that they are authorized to use the services offered.

Please note: This disclaimer is for general information purposes only and does not replace individual legal or tax advice.