Casino to launch the process of disposal of Via Varejo

Paris, 2016-Nov-25 — /EPR Retail News/ — Casino’s Board of Directors, at a meeting held today (November 23, 2016), looked into the process made by its Brazilian affiliate CBD to evaluate potential strategic alternatives involving Via Varejo, its electronic goods and furniture business. The Board approved CBD’s decision to continue prioritizing the development of the food business – hypermarkets, supermarkets and convenience stores, cash & carry – and to launch the process of disposal of Via Varejo.

Disclaimer This press release was prepared solely for information purposes and should not be construed as a solicitation or an offer to buy or sell securities or related financial instruments. Similarly, it does not give and should not be treated as giving investment advice. It has no connection with the investment objectives, financial situation or specific needs of any recipient. No representation or warranty, either express or implicit, is provided in relation to the accuracy, completeness or reliability of the information contained herein. It should not be regarded by recipients as a substitute for exercise of their own judgment. All opinions expressed herein are subject to change without notice.

This document contains certain forward-looking statements. This information is not historical data and should not be interpreted as guarantees of the future occurrence of such facts and data. These statements are based on data, assumptions and estimates that the Group believes are reasonable. The Group operates in a competitive and rapidly changing environment. It is therefore not in a position to predict all of the risks, uncertainties or other factors that may affect its business, their potential impact on its business, or the extent to which the occurrence of a risk or a combination of risks could have results that are significantly different from those included in any forward-looking statement. The forward-looking statements contained in this press release are made only as of the date hereof. Except as required by any applicable law, rules or regulations, the Group expressly disclaims any obligation or undertaking to publicly release any updates of any forward looking statements contained in this press release to reflect any change in its expectations or any change in events, conditions or circumstances on which any forward-looking statement contained in this press release is based.

ANALYST AND INVESTOR CONTACTS:
Régine GAGGIOLI
Tel: +33 (0)1 53 65 64 17
rgaggioli@groupe-casino.fr
+33 (0)1 53 65 24 17
IR_Casino@groupe-casino.fr

PRESS CONTACTS:
Casino
Tel: +33 (0)1 53 65 24 78
Directiondelacommunication@groupe-casino.fr

IMAGE 7
Grégoire Lucas
Tel: +33 (0)1 53 70 74 84
Mob: +33 (0)6 71 60 02 02
glucas@image7.fr

Source: Casino