Etn. Fr. Colruyt NV (ENXTBR:COLR) entered into an agreement to acquire Degrenne Distribution from a family on February 2, 2023. Degrenne Distribution is owned by the Degrenne family. Degrenne Distribution generates an annual revenue of around ?110 million. The current management will remain on board until the end of September 2023, in view of ensuring a smooth transition. The acquisition is subject to the suspensive condition of approval by the French Competition Authority as well as by the French Ministry of Economy and Finance under the international investment law. The closing of the transaction, and hence the integration in Colruyt Group's consolidated figures, is not expected until the financial year 2023/24.

Etn. Fr. Colruyt NV (ENXTBR:COLR) completed the acquisition of Degrenne Distribution from a family in the beginning of July, 2023. As of closing necessary approvals have been obtained. Colruyt Group does not expect the acquisition of Degrenne Distribution to have a material impact on the net result of the financial year 2023/24.