Casino announces that it has finalized the sale of its residual stake in Assaí, announced on June 22, which represented 11.7% of the capital of this Brazilian cash & carry retailer.

As part of the transaction, 157,582,850 Assaí shares were allocated at a price of 13.38 Brazilian reals per share, representing a total gross amount of nearly 2.11 billion (404 million euros). Net proceeds after expenses and taxes are estimated at 326 million euros.

Following this transaction, which was carried out by means of an accelerated order book executed by the São Paulo Stock Exchange, in accordance with the rules in force on this market place, Casino no longer holds a stake in Assaí's capital.

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