Quatrim 15/02/25 : 272m
To come : 50+77 , ie : 127 m
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Real estate disposals
The Group disposed of €220m of real estate assets in 2024, including €219m through Quatrim and its subsidiaries:
On 26 September 2024, the Group completed the sale of 26 real estate assets to Tikehau Capital for a net selling price of over €200m, excluding any subsequent earn-outs. Tikehau Capital has entrusted the management of these property assets to Casino Group for a period of five years.
In addition, the Group completed other real estate disposals during the year for a total of €19m, including €18m through Quatrim and its subsidiaries.
The proceeds of the sales carried out through Quatrim and its subsidiaries were used to reduce Casino Group’s debt toward the bondholders of its subsidiary Quatrim, in line with applicable financial documentation. The nominal value of the Quatrim secured debt was reduced to €300m at end-2024.
In December 2024, Casino Group announced that it had signed commitments to sell two significant real estate portfolios, with these sales expected to be completed in H1 2025:
On 3 December 2024, the Group signed a binding agreement to sell a portfolio of 69 properties to Groupement Les Mousquetaires for a sale price of €77m;
On 30 December 2024, the Group signed a binding agreement to sell a portfolio of 11 properties to Icade Promotion for a sale price of €50m. Casino Group and Icade Promotion also simultaneously signed a 4-year agreement for the management of some of the properties in the portfolio by Casino Immobilier.
The two transactions will reduce Casino Group’s debt toward the noteholders of its subsidiary Quatrim.
On 18 February 2025, the Group repaid €30m of the Quatrim secured debt, including €28.5m in principal and €1.5m in accrued interest on the repaid principal. As of 28 February 2025, the nominal amount of the Quatrim secured notes had been reduced to €272m.
To come : 50+77 , ie : 127 m
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Real estate disposals
The Group disposed of €220m of real estate assets in 2024, including €219m through Quatrim and its subsidiaries:
On 26 September 2024, the Group completed the sale of 26 real estate assets to Tikehau Capital for a net selling price of over €200m, excluding any subsequent earn-outs. Tikehau Capital has entrusted the management of these property assets to Casino Group for a period of five years.
In addition, the Group completed other real estate disposals during the year for a total of €19m, including €18m through Quatrim and its subsidiaries.
The proceeds of the sales carried out through Quatrim and its subsidiaries were used to reduce Casino Group’s debt toward the bondholders of its subsidiary Quatrim, in line with applicable financial documentation. The nominal value of the Quatrim secured debt was reduced to €300m at end-2024.
In December 2024, Casino Group announced that it had signed commitments to sell two significant real estate portfolios, with these sales expected to be completed in H1 2025:
On 3 December 2024, the Group signed a binding agreement to sell a portfolio of 69 properties to Groupement Les Mousquetaires for a sale price of €77m;
On 30 December 2024, the Group signed a binding agreement to sell a portfolio of 11 properties to Icade Promotion for a sale price of €50m. Casino Group and Icade Promotion also simultaneously signed a 4-year agreement for the management of some of the properties in the portfolio by Casino Immobilier.
The two transactions will reduce Casino Group’s debt toward the noteholders of its subsidiary Quatrim.
On 18 February 2025, the Group repaid €30m of the Quatrim secured debt, including €28.5m in principal and €1.5m in accrued interest on the repaid principal. As of 28 February 2025, the nominal amount of the Quatrim secured notes had been reduced to €272m.
