Brief: Casino Announces Disposal Of 5% Of Mercialys Equity

Mercialys SA

24/08/2020 08:13

Aug 24 (Reuters) - Casino Guichard Perrachon SA  CASP.PA :
    * CASINO GROUP ANNOUNCED ON FRIDAY THE DISPOSAL OF 5% OF
MERCIALYS
EQUITY
    * ADDITIONAL AND DEFINITIVE DISPOSAL OF 5% OF MERCIALYS
EQUITY
THROUGH THE MERCIALYS TOTAL RETURN SWAP (TRS)
    * THE GROUP WILL CASH-IN €26 MILLION PROCEEDS TO BE
ALLOCATED TO
ESCROW ACCOUNT DEDICATED TO GROSS DEBT REIMBURSEMENT
    * THIS DISPOSAL REDUCES CASINO GROUP'S STAKE IN MERCIALYS IN
TERMS
OF VOTING RIGHTS FROM 25.3% TO 20.3%

Source text for Eikon:  ID:nGNE8zlTGr 
Further company coverage:  CASP.PA 

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