Press releases

Vesa Equity Investment strengthens its position and announces that it has exceeded the threshold of 5% of the share capital of Casino, Guichard-Perrachon to reach 5.64% of the share capital

20. 1. 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.”