Casino, Guichard-Perrachon S.A. (ENXTPA:CO) agreed to acquire additional 33.98034% stake in Cnova N.V. (ENXTPA : CNV) from Companhia Brasileira De Distribuicao (BOVESPA:PCAR3) for ?10 million on November 27, 2023. Under the terms, purchase price has been set at ?10 million of which 80% is to be paid on completion of the Transaction, expected by November 30, 2023, and 20% by June 30, 2024 at the latest. The Transaction will increase Casino's stake in Cnova, directly and through wholly-owned subsidiaries, to 98.8%
Companhia Brasileira de Distribuiçao Netherlands Holding B.V.
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- Casino, Guichard-Perrachon S.A. (ENXTPA: CO) agreed to acquire additional 33.98034% stake in Cnova N.V. (ENXTPA