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Provider: Reuters Investment Profile
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Casino Guichard Perrachon sets up with Via Varejo global ecommerce joint venture Cnova


Wednesday, 4 Jun 2014 05:34pm EDT 

Casino Guichard Perrachon SA:Approves together with CBD, Via Varejo and Exito principal terms for creation of new company Cnova N.V., incorporated in Netherlands.Cnova to be global ecommerce player with total gross merchandise volume of $4.9 billion in 2013.Cnova to be present via Cdiscount websites in France, Colombia, Thailand, Vietnam, and in Brazil.Cnova to be directly owned 46.5 pct by Casino (including its Colombian subsidiary Exito) and 53.5 pct indirectly by CBD, Via Varejo and certain founding shareholders of Nova Pontocom.Cnova to be managed by two co-CEOs (current CEOs of Cdiscount and Nova Pontocom), to alternate as Board member. 

Company Quote

6.72
-0.48 -6.67%
21 Aug 2014