Yann Utzschneider, Emilie Rogey, Nathalie-Nègre Eveillard and Clara Hainsdorf of White & Case LLP (Paris) acted as legal advisors to Casino, Guichard-Perrachon. Transaction is expected to be completed in the next quarters subject to the necessary approvals, in particular from France's competition authority and the European Central Bank (ECB).Ĭéline Appel Schneider and Sébastien Drouard Pwc Corporate Finance acted as financial due diligence provider while Maud Poncelet and François-Marc Venier of PwC Société d'Avocats, Accountancy Arm acted tax due diligence provider to Casino, Guichard-Perrachon Société Anonyme and Banque Fédérative du Crédit Mutuel Société anonyme. The planned transaction is subject to consultation with the relevant employee representative bodies. In addition, BNP Paribas will become the exclusive provider and distributor of consumer credit solutions including split payment solutions for Casino Group customers through a commercial partnership to be set up with the Casino Supermarchés, Géant and Cdiscount banners.Ĭdiscount will continue to operate its bank card payments business with FLOA's support. The proceeds will be equally divided between Casino and Banque Fédérative du Crédit Mutuel, representing 129 million for each company.

BNP Paribas SA (ENXTPA:BNP) signed an exclusivity agreement to acquire FLOA SA from Casino, Guichard-Perrachon Société Anonyme (ENXTPA:CO) and Banque Fédérative du Crédit Mutuel Société anonyme for approximately 260 million on July 27, 2021.

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