Brief: Cnova Targets Capital Increase Of Around EUR 300 Mln

Cnova NV

01/06/2021 07:48

June 1 (Reuters) - Cnova NV  CNV.PA :
    * CNOVA INTENDS TO INCREASE ITS CAPITAL TO FUND ACCELERATED
GROWTH
    * TARGETING A PLACEMENT OF C.EUR 300 MILLION OF NEW SHARES
TO FUND
ITS ACCELERATED GROWTH AND A POTENTIAL SECONDARY OFFERING IN
ADDITION TO FURTHER INCREASE ITS FREE FLOAT BY YEAR-END
    * EXPECTS AN EBITDA OF EUR 160M THIS YEAR, A 20%+ INCREASE
VERSUS
2020, AND C.100% INCREASE VERSUS 2019
    * BY 2025, COMPANY AIMS TO REACH A TOTAL GMV ABOVE EUR 12BN,
FUELED BY OCTOPIA AND BY CONTINUOUSLY GROWING MARKETPLACE
ACTIVITY
    * PROCEEDS OF PRIVATE PLACEMENT WILL FUND INTERNATIONAL
DEPLOYMENT
OF GROUP AND STRENGTHEN ITS TECH LEADERSHIP
    * GROUPE CASINO INTENDS TO REMAIN COMPANY'S MAJORITY
SHAREHOLDER

Source text for Eikon:  ID:nGNE9RWTHr 
Further company coverage:  CNV.PA 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 778 51 10;))