M&A Activity • Feb 14, 2019
M&A Activity
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February 14, 2019
The Casino Group announces today the signature of an agreement with Compass Group providing for the sale of Casino's contract catering services, R2C.
The transaction is expected to be completed by the end of the first half of 2019, subject to consultation with the employee representative bodies and the approval of the French Competition Authority.
With this operation, the Casino Group is pursuing the initiatives already under way to significantly increase its profitability and strengthen its financial profile, in line with its strategic priorities.
Régine GAGGIOLI - [email protected] - +33 (0)1 53 65 64 17 Or +33 (0)1 53 65 24 17 - IR\[email protected]
Casino Group – Direction of Communication Stéphanie ABADIE - [email protected] - +33 (0)6 26 27 37 05 Or +33(0)1 53 65 24 78 - [email protected]
Agence IMAGE 7 +33(0)1 53 70 74 84 – Karine ALLOUIS - [email protected] Grégoire LUCAS - [email protected]
This press release was prepared solely for information purposes and should not be construed as a solicitation or an offer to buy or sell securities or related financial instruments. Similarly, it does not give and should not be treated as giving investment advice. It has no connection with the investment objectives, financial situation or specific needs of any recipient. No representation or warranty, either express or implicit, is provided in relation to the accuracy, completeness or reliability of the information contained herein. It should not be regarded by recipients as a substitute for exercise of their own judgement. All opinions expressed herein are subject to change without notice.
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