Casino: compulsory buyout of Cnova approved by Court

(CercleFinance.com) - Casino announces that the Companies Chamber of the Amsterdam Court of Appeal has approved its compulsory buy-out procedure to acquire the shares held by the minority shareholders of Cnova.


It has deemed the proposed buy-out price fair and has ordered all shareholders to transfer their Cnova shares to Casino, in exchange for a payment of 0.09 euro per share in cash, plus statutory interest.

Casino will shortly announce the terms and other details of the voluntary transfer, which is expected to run for a period of ten weeks, after which it will enforce the judgment against all shareholders who have not participated.


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