Icade (ENXTPA:ICAD) entered into a binding agreement to acquire A portfolio of properties in 11 different locations from Casino, Guichard-Perrachon S.A. (ENXTPA:CO) for ?50 million on December 30, 2024. A cash consideration of ?50 million will be paid by Icade. For Casino Group, this transaction will notably reduce the Group?s financial debt, in particular vis-à-vis the bondholders of its subsidiary Quatrim. In addition, the agreements also provide for Casino Group to potentially acquire a stake in certain companies that will manage Icade?s
property development projects.

The transaction is expected to close in H1 2025.