Brief: French retailer Casino's CNova arm: GeoPost to buy 95% majority stake in CChezVous for 64 million euros

Cnova NV

06/10/2022 06:53

Oct 6 (Reuters) - Cnova Nv  CNV.PA :
    * CNOVA N.V. C-LOGISTICS, CDISCOUNT'S LOGISTICS SUBSIDIARY,
REINFORCES ITS INDUSTRIAL PARTNERSHIP WITH GROUP LA
POSTE/GEOPOST
    * ACQUISITION BY GEOPOST OF A 95% MAJORITY STAKE IN
CCHEZVOUS,
C-LOGISTICS' TRANSPORT SUBSIDIARY AND A SPECIALIST IN DELIVERY
OF HEAVY AND BULKY GOODS, FOR A CONSIDERATION OF 64 MILLION
EUROS
    * STARTING IN OCTOBER 2022, MORE THAN 34,000 GEOPOST PICK-UP
POINTS WILL COMPLEMENT C-LOGISTICS' DELIVERY SERVICE OFFERINGS
IN 13 EUROPEAN COUNTRIES
    * FROM FEBRUARY 2023 ON, CHRONOPOST WILL BECOME C-LOGISTICS'
PARTNER IN EUROPE FOR AIRCRAFT EXPRESS DELIVERY OF SMALL
PARCELS.

Source text for Eikon:  ID:nGNE4tDbfH 
Further company coverage:  CNV.PA 
 (Reporting by Sudip Kar-Gupta)
 ((sudip.kargupta@thomsonreuters.com;))