Auchan Retail France and Groupement Les Mousquetaires reached an agreements to acquire Casino hypermarkets and supermarkets from Casino, Guichard-Perrachon S.A. (ENXTPA:CO) on January 24, 2024. as part of the transaction, Auchan will maintain activity at the Aix-en-Provence 1 (Bouches-Du-Rhône) warehouse, and that the logistics services contracts for Montélimar Frais (La Drôme), Corbas Gel (Rhône) and Salon-de-Provence Gel (Bouches-Du-Rhône) will be transferred to Groupement Les Mousquetaires, guaranteeing long-term employment at these sites. Groupement Les Mousquetaires has also asked its partner ID Logistics to examine the possibility of taking over an additional base in the Centre-Est region.

Groupement Les Mousquetaires and Auchan also acquire all the employment contracts of employees assigned to the transferred stores and service stations, and maintain, for employees assigned to the stores, the provisions and benefits resulting from the Casino collective statutes for a period of 15 months from the date of completion of the transfer. The operation will also be subject to obtaining all the usual authorizations required for the transfer of stores or service stations, and the necessary merger control authorizations from the relevant competition authorities, or the decisions of the relevant competition authorities granting a waiver of the suspensive effect of the merger control procedure. he agreements provide for the transfer of stores (and the service stations attached to them) in three successive waves: on 30 April 2024, 31 May 2024 and 1 July 2024.

The disposals will take place in the 2nd quarter of 2024, after consultation with the relevant employee representative bodies. SG CIB acted as financial advisor to Auchan. As on April 30, 2024, Following the agreements reached on January 24, 2024, with Auchan Retail France and Groupement Les Mousquetaires as well as on February 8, 2024, with Carrefour to sell a combined total of 287 stores, Casino Group announces today the sale of 121 stores.

The disposals of the remaining 166 stores will occur in two steps, on May 31, 2024 and July 1, 2024, respectively. As of May 31, 2024, Casino Group announces the sale of 90 stores. The disposals of the remaining 76 stores will occur on July 1, 2024.