Casino Group received the approval of the French Competition Authority to take exclusive control of Monoprix Group, which constitutes the outcome of a strategy centered on the proximity format and initiated in 1996.
The authorization stipulates the disposal of 58 stores out of the entire network of Casino Group in France, for a total sales area of around 21 000 m², and does not impact any store under the Monoprix banner.
The total disposals amount to less than 1% of the turnover in France of Casino Group.
The authorization concludes a constructive dialogue with the Authority and allows Casino Group to carry on the development of Monoprix Group.
ANALYST AND INVESTOR CONTACTS
Régine GAGGIOLI – Tel: +33 (0)1 53 65 64 17
rgaggioli@groupe-casino.fr
or
+33 (0)1 53 65 64 18
IR_Casino@groupe-casino.fr
