Market Closed -
Euronext Paris
16:35:26 17/05/2024 BST
5-day change
1st Jan Change
0.0396
EUR
+7.32%
+29.41%
-94.95%
Ardian completed the acquisition of Greenyellow Vente dâÃnergie S.A.S.U from Casino, Guichard-Perrachon S.A. (ENXTPA:CO), Bpifrance Investissement SAS and Tikehau Investment Management SAS.
Ardian enterted into an agreement to acquire unknown majority stake in Greenyellow Vente dâÃnergie S.A.S.U from Casino, Guichard-Perrachon S.A. (ENXTPA:CO), Bpifrance Investissement SAS and Tikehau Investment Management SAS on July 28, 2022. The proposed transaction is subject to a consultation process with the relevant employee representative bodies. It is expected to be completed in the fourth quarter of 2022, subject to regulatory approvals for merger control and foreign investments. The enterprise value of the transaction is â¬1.4 billion. Barthélémy Courteault, Igor Simic, Yann Aguila, Raphaële Courtier, Pascale Lagesse and Anne Robert of Bredin Prat & Associes acted as legal advisor to Casino, Guichard-Perrachon. Yannick Piette of Weil, Gotshal & Manges LLP, Paris acted as legal advisor to Casino, Guichard-Perrachon. Stéphane Huten of Hogan Lovells (Paris) LLP acted as legal advisor to Tikehau Investment Management SAS and Bpifrance Investissement SAS. Yves Lepage, Patrick Tardivy, Olivier Jouffroy, Geoffroy Berthon, Foucaud Jaulin, Carine Mou Si Yan, Malik Idri, Julia Apostle, Frédéric Lalance and Nadège Owen of Orrick Rambaud Martel acted as legal advisor to Ardian. Stéphanie Hamis (Partner), Julie Usseglio-Viretta (Manager) and Marc Brocardi (Partner) of Arsene advised Casino, Guichard-Perrachon. Stéphane Chaouat and Alexandre Groult of Quinn Emanuel Urquhart & Sullivan LLP acted as legal advisor to Ardian. Adrien Badelon of Scotto Partners acted as legal advisor to Greenyellow.
Ardian completed the acquisition of Greenyellow Vente dâÃnergie S.A.S.U from Casino, Guichard-Perrachon S.A. (ENXTPA:CO), Bpifrance Investissement SAS and Tikehau Investment Management SAS on October 18, 2022. Casino Groupâs proceeds, net of the â¬165 million reinvestment (i.e. stake of 15%), amount to â¬600 million.
The Group has received today â¬250 million (of which â¬30 million paid into an escrow account to be released subject to compliance with certain operational indicators), in addition to the â¬350 million pre-financing agreed with Farallon Capital. HSBC acted as Financial Advisor to Casino group. Marc Petitier, Philippe Herbelin, Yann Utzschneider, Valérie Ménard, Clara Hainsdorf, Amaury de Feydeau, Jean-Luc Champy, Henri Bousseau of White & Case LLP. Edouard Lamy (de), Marc Lordonnois, Romain Ferla, Yannick Piette and Ilana Smadja of Weil, Gotshal & Manges and Bredin Prat advised Casino. Rothschild & Co SCA (ENXTPA:ROTH) acted as financial advisor to GreenYellow SAS. Centerview Partners LLC, Banco Santander, S.A. (BME:SAN) and La Compagnie Financière du Lion acted as financial advisor to Ardian. Stéphane Huten, Alexander Premont, Cristina Marin, Ludovic Geneston, Thomas Claudel, Eric Paroche and Victor Levy Hogan Lovells (Paris) LLP acted as legal advisor to Tikehau Capital and Bpifrance Investissement SAS. Yves Lepage, Patrick Tardivy, Olivier Jouffroy, Geoffroy Berthon, Foucaud Jaulin, Carine Mou Si Yan, Malik Idri,Julia Apostle, Frédéric Lalance and Nadège Owen of Orrick Herrington & Sutcliffe LLP acted as legal advisor to Ardian. Centerview Partners UK LLP acted as financial advisor to Ardian.
Duration Auto. 2 months 3 months 6 months 9 months 1 year 2 years 5 years 10 years Max.
Period Day Week
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Casino, Guichard-Perrachon SA is one of the leading food distribution groups in France. Net sales break down by activity as follows:
- distribution activitiy (81.7%): owning at the end of 2023, of 2,309 stores, mainly under the names of Franprix (1,191), Monoprix (861) and Leader Price (34) . Additionally, the group operates 6,325 convenience shops (Spar, Vival, Le Petit Casino, etc.);
- e-commerce activity (13.8%) ;
- other (4.5%).
France accounts for all net sales.
More about the company
Last Close Price
0.0396
EUR
Average target price
0.056
EUR
Spread / Average Target
+41.41%
Consensus
1st Jan change
Capi.
-94.95% 1.61B -9.85% 38.97B +14.40% 36.58B +8.55% 33.85B +0.34% 18.54B +1.18% 14.54B -10.94% 14.02B +22.11% 12.42B -0.36% 12.42B -.--% 11.82B
Supermarkets & Convenience Stores
+951% of historical performance
More than 20 years at your side
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