As part of the plan to create a new French retail player, announced on March 9 by Casino and Teract, Casino announces that it is in exclusive discussions to deepen its existing strategic cooperation with the Les Mousquetaires Group.

They plan to extend their alliances by two years to 2028, to extend their agreements to the new entity to be formed between Casino and Teract, and to build new partnerships between this new entity and Les Mousquetaires.

In addition, the new entity could sell outlets in the Casino France perimeter to Groupement Les Mousquetaires over several years. Subsequently, Les Mousquetaires could also become a minority shareholder in the new entity.

These discussions will be submitted to the respective employee representative bodies, regulatory authorities and governing bodies. This project remains subject to a binding agreement, which could be reached before the end of the second quarter.

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