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.
Copyright (c) 2025 CercleFinance.com. All rights reserved.
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.
Copyright (c) 2025 CercleFinance.com. All rights reserved.