Cnova: Casino acquires GPA's stake
The agreement will increase Casino's stake in Cnova to 98.8%. It also provides for the payment by Casino, under certain conditions, of an earn-out if a transaction involving its stake in Cnova were to take place within the next 18 months.
This transaction is part of the retail group's financial restructuring: in particular, it simplifies Cnova's ownership structure and separates CGP's stakes in GPA and Cnova.
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