Casino announces that Grupo Calleja has published, in the Colombian newspaper El Colombiano, the first notice of the takeover bid to be launched in Colombia as part of its plan to acquire up to 100% of the outstanding shares of the Éxito group.

This takeover bid, subject to a minimum acquisition condition of at least 51% of the outstanding shares, will be open from December 18, 2023 to January 19, 2024, and will settle towards the end of January 2024. Casino expects that the buyer will also launch a takeover bid in the United States.

As a reminder, last October the French food retailer signed a preliminary agreement with Grupo Calleja for the sale of its entire stake in Almacenes Éxito, corresponding to 34.05% of Grupo Éxito's share capital.

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