Cnova N.V. - Reaction to Casino Group's Press Release
24 Abril 2023 - 1:14PM
Cnova N.V. - Reaction to Casino Group's Press Release
CNOVA N.V. – Reaction to Casino Group’s
Press Release
Amsterdam – April 24, 2023, 18:15 CEST – Cnova
N.V. (Euronext Paris: CNV; ISIN: NL0010949392) (“Cnova” or the
“Company”) and its Board of Directors took note of the press
release issued on the date hereof by its controlling shareholder,
Casino Guichard-Perrachon S.A. ( “Casino”), in which it is
mentioned that Casino is launching the: “solicitation of consents
from certain creditors and bondholders of the Casino Group
regarding the possibility of initiating conciliation proceedings to
guide upcoming discussions with creditors in connection with EP
Global Commerce a.s.’ proposal on the one hand and the continuation
of the Project TERACT on the other hand”1.
As part of the solicitation of consents launched
by Casino, Cdiscount, a wholly-owned subsidiary of the Company,
will seek the consent from the lenders in respect of the State
Guaranteed Loan (Prêt Garanti par l’Etat) entered into on July 30,
2020.
The Company confirms that no decision to request
the appointment of conciliators for itself and/or any of its
subsidiaries, including Cdiscount, has been taken at this stage and
that it remains in full compliance with its financial commitments.
The Company will continue to monitor developments concerning
Casino.
1:
https://www.groupe-casino.fr/en/announcements/ - “Solicitation of
consents from certain creditors and bondholders of the Casino Group
regarding the possibility of initiating conciliation proceedings to
guide upcoming discussions with creditors in connection with EP
Global Commerce a.s.’ proposal on the one hand and the continuation
of the Project TERACT on the other hand”
***
About Cnova N.V.
Cnova N.V., the French ecommerce leader, serves
8.1 million active customers via its state-of-the-art website,
Cdiscount. Cnova N.V.’s product offering provides its B2C clients
with a wide variety of very competitively priced goods, fast and
customer-convenient delivery options, practical and innovative
payment solutions as well as travel, entertainment and domestic
energy services. Cnova N.V. also serves B2B clients internationally
through Octopia (Marketplace-as-a-Service solutions), Cdiscount
Advertising (advertising services for sellers and brands) and
C-logistics (end-to-end logistic ecommerce solution). Cnova N.V. is
part of Groupe Casino, a global diversified retailer. Cnova N.V.'s
news releases are available at www.cnova.com. Information available
on, or accessible through, the sites referenced above is not part
of this press release.
This press release contains regulated
information (gereglementeerde informatie) within the meaning of the
Dutch Financial Supervision Act (Wet op het financieel toezicht)
which must be made publicly available pursuant to Dutch and French
law. This press release is intended for information purposes
only.
***
Cnova Investor Relations
Contact:investor@cnovagroup.comTel : +33 6 79 74 30
94 |
Media
contact:directiondelacommunication@cdiscount.comTel: +33 6
18 33 17 86cdiscount@vae-solis.comTel: +33 6 17 76 79 71 |
- 2023 04 24_Cnova_PR_Reaction to Casino's PR
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