Brief: Casino Sells EUR 50 Mln Property Portfolio To Icade

Casino Guichard Perrachon SA

30/12/2024 17:42

Dec 30 (Reuters) - Casino Guichard Perrachon SA
 CASP.PA :
    * CASINO GROUP SIGNS A BINDING AGREEMENT TO SELL A PROPERTY
PORTFOLIO TO ICADE FOR €50M
    * CASINO SELL A PORTFOLIO OF PROPERTIES IN 11 DIFFERENT
LOCATIONS
TO ICADE PROMOTION
    * FOR CASINO, TRANSACTION WILL NOTABLY REDUCE GROUP’S
FINANCIAL
DEBT, IN PARTICULAR VIS-À-VIS BONDHOLDERS OF SUBSIDIARY QUATRIM
    * AT THE SAME TIME, CASINO GROUP AND ICADE PROMOTION SIGNED
AGREEMENTS UNDER WHICH CASINO IMMOBILIER WILL MANAGE SOME OF
THIS PORTFOLIO FOR A PERIOD OF 4 YEARS
    * IN ADDITION, AGREEMENTS ALSO PROVIDE FOR CASINO GROUP TO
POTENTIALLY ACQUIRE STAKE IN CERTAIN COMPANIES THAT WILL MANAGE
ICADE’S PROPERTY DEVELOPMENT PROJECTS
    * TRANSACTION EXPECTED TO CLOSE IN H1 2025

Source text:  urn:newsml:reuters.com:*:nNDL3HMRsG
Further company coverage:  CASP.PA 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))