Casino Group: Vesa Equity Investment strengthens its position and announces that it has exceeded the threshold of 5% of the share capital of Casino, Guichard-Perrachon.

Monday 20th January 2020

Vesa Equity Investment strengthens its position and announces that it has crossed the threshold of 5% of the share capital of Casino, Guichard-Perrachon to reach 5.64% of the share capital. Vesa Equity Investment S.à.r.l. is an investment vehicle owned by MM. Daniel Křetínský, controlling shareholder (53%) and Patrik Tkáč (47%).

"The announcement of this threshold crossing follows our entry into the capital announced on 5 September 2019. It reaffirms our conviction that Casino, Guichard-Perrachon is the best-positioned retail group on the French market and one of the European leaders best able to respond to the profound changes in the sector. We continue to give our full support to the management of the Casino, Guichard-Perrachon Group and our confidence in its ability to implement its long-term strategic vision, to which we subscribe. " says Mr. Křetínský.

For Jean-Charles Naouri, Chairman and CEO of Casino, Guichard-Perrachon, "this new investment by Mr. Křetínský in Casino, Guichard-Perrachon once again demonstrates the confidence of professional investors in the sector in our capacity for innovation and execution. As announced last September, I will propose to the Board of Directors to submit the appointment of a representative of Vesa Equity Investment to the Board of Directors of Casino, Guichard-Perrachon during the Group's next General Meeting. "

As a reminder, Daniel Křetínský and Patrik Tkáč are long-term investors, including in the European retail sector, with a 29.99% stake in METRO AG as well as a 40% stake in the Mall Group, a major e-commerce player in Central and Eastern Europe with a turnover of more than 700 million euros.

Mr. Křetínský is a controlling shareholder, Chairman and Chief Executive Officer of Energetický a průmyslový holding, a.s. (EPH), an international energy and infrastructure group based in the Czech Republic. In addition to serving on several Boards of Directors of EPH affiliated companies, he also holds positions in companies not affiliated with EPH, where he has a majority or controlling interest, including Czech Media Invest and EC Investments which owns, among others, 40% of Mall Group. He is also Chairman of the Board of Directors of AC Sparta Praha fotbal. Mr. Tkáč is Vice Chairman of the Board of Directors of J & T Finance Group SE ("JTFG"), an international banking group providing services in the fields of private, retail and investment banking, asset management and securities trading mainly in Central and Eastern European countries. He is also Chairman of the Board of Directors of J & T Banka a.s.. In addition to his activities at JTFG, he also holds a significant stake in J & T Private Equity Group, EP Global Commerce, Czech Media Invest and Mall Group.

Source

Best New Customer Offers

Bonus up to £1000 + 1000 LV Spins

Welcome Package

18+. New customers only. Welcome bonus is valid for first 4 deposits. Min. deposit £10. Wagering requirement 35x. Max bonus: £200 (100%) + £200 (50%) + £500 (25%) + £100 (200%). Max. spins: 200 + 200+ 500 +100 Spins. Full terms apply.

Bonus up to £200 + 100 Free Spins

Welcome Package

18+. New players only. Min Deposit £10. Welcome package splits over 3 deposits. 35x wagering requirement applies to match up bonus. Offer valid for 1 week. 100 spins split to 20 spins a day for 5 days. 50x wagering applies to spins. Full terms apply.

We use cookies and other tracking technologies to improve your browsing experience on our website, to show you personalized content and targeted ads, to analyze our website traffic, and to understand where our visitors are coming from. By browsing our website, you consent to our use of cookies and other tracking technologies. View more
Agree & Continue