follows: also on behalf of France Retail Holdings S.à r.l. (an entity ultimately controlled by Mr.
Daniel Kretínský) ("FRH"), it is hereby announced that FRH and
S.A. ("Casino") have on
exemption of the obligation provided in Article 5:70(1) of the Dutch Financial Supervision
Act (Wet op het financieel toezicht, "FMSA") to make a mandatory tender offer for the
shares and depositary receipts issued with the cooperation of
to the condition that Casino shall within four months following the aforementioned
judgment initiate statutory buyout proceedings (uitkooprocedure) in accordance with
Article 2:92a DCC in which the price for Cnova shares is at least equal to the price per share
that FRH would have had to offer in a mandatory tender offer under French law, and
whereby the obligation to make a mandatory tender offer will revive should Casino not
timely initiate the aforementioned statutory buyout proceedings or the Enterprise Chamber
reject the statutory buyout claim.
.
(C) 2024 M2 COMMUNICATIONS, source