Leader Price Casino
The source said both parties agreed on a 750 million euro ($834 million) value for Leader Price, but the deal is not yet signed. Casino declined to comment on the matter. Aldi did not immediately. Casino Group completed the sale to ALDI France of 545 Leader Price stores, 2 Casino supermarkets and 3 warehouses Paris, 30th November 2020,Casino group has completed the sale to ALDI France of 545 Leader Price stores, 2 Casino supermarkets and 3 warehouses, for an enterprise value of 717 million euros (including an earn-out of up to €35 million). After taking into account €34 million of.
French supermarket group Casino has launched a refinancing to clean out its upcoming debt maturities, hitting the final issuance slot given the long syndication timeline for raising a term loan' B'. It aims to issue a €200m TLB and a €300m unsecured bond, while launching a tender offer to buy back up to €1.2bn of outstanding debt.
Casino said that after the transaction it will have largely covered maturities until 2024. If it is unable to buy back all the bonds it wants during the tender, it will place the new cash in a segregated account to repay maturities.
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