CNOVA N.V. publishes 2024 annual financial report and Information regarding the delisting
Rhea-AI Summary
Cnova N.V. (CNV), the French ecommerce leader, has published its 2024 annual financial report and announced its upcoming delisting from Euronext Paris. The delisting request has been approved by Euronext Paris on April 17, 2025, with an effective date set for June 20, 2025, upon completion of the mandatory buy-out.
The company, which operates the Cdiscount website, serves 6.9 million active customers and offers B2C services including competitively priced goods, delivery options, and payment solutions. Its B2B operations include Octopia (Marketplace-as-a-Service), Cdiscount Advertising, and C-Logistics services.
Positive
- Maintains strong customer base with 6.9 million active users
- Diversified business model with both B2C and B2B operations
Negative
- Upcoming delisting from Euronext Paris indicates end of public trading accessibility
- Mandatory buy-out suggests forced exit for minority shareholders
Insights
CNOVA's planned delisting from Euronext Paris signals a major ownership consolidation through mandatory buy-out, indicating significant corporate restructuring ahead.
CNOVA N.V.'s announcement regarding its approved delisting from Euronext Paris represents a significant corporate action that will fundamentally change the company's ownership structure. The mandatory buy-out scheduled for completion by June 20, 2025 indicates that a controlling shareholder (likely Casino group, mentioned as CNOVA's parent) has reached the threshold ownership percentage to force remaining shareholders to sell their stakes.
This type of transaction typically occurs when a parent company or majority shareholder decides to simplify corporate structure, eliminate public reporting requirements, or gain complete control over strategic decision-making. For minority shareholders, this mandatory buy-out leaves no option but to tender their shares at the offered price.
What's critically missing from this announcement is the buy-out price for minority shareholders. Without this information, investors cannot assess whether the transaction offers fair value. The timing alongside the 2024 annual report publication is standard practice, though notably the announcement doesn't highlight any financial performance metrics from that report.
For CNOVA's e-commerce operations (serving 6.9 million active customers through Cdiscount), this transition to private ownership could potentially allow for more long-term strategic flexibility without quarterly reporting pressures. However, the mandatory nature of this buy-out suggests this was not a negotiated transaction with minority shareholders.
The delisting marks the end of CNOVA's chapter as a publicly-traded entity on Euronext Paris, with significant implications for current shareholders who will soon be required to exit their positions regardless of their investment timeline preferences.
CNOVA N.V.
Publishes 2024 annual financial report
Information regarding the delisting
AMSTERDAM – April 18 2025, 08:15 CEST Cnova N.V. (Euronext Paris: CNV; ISIN: NL0010949392) (“Cnova” or the “Company”) has published its annual financial report for the year ended December 31, 2024 (the “report”). The report was filed with the Dutch Authority for the Financial Markets (Autoriteit Financiële Markten) and is available on the Company’s website, www.cnova.com.
On April 17, 2025, Euronext Paris informed the Company that it approved its request for the delisting of the Cnova shares with an effective date as of the completion of the mandatory buy-out (scheduled for June 20, 2025).
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About Cnova N.V.
Cnova N.V., the French ecommerce leader, serves 6.9 million active customers via its state-of-the-art website, Cdiscount. Cnova N.V.’s product offering provides its B2C clients with a wide variety of very competitively priced goods, fast and customer-convenient delivery options, practical and innovative payment solutions as well as travel and entertainment services. Cnova N.V. also serves B2B clients internationally through Octopia (Marketplace-as-a-Service solutions), Cdiscount Advertising (advertising services for sellers and brands) and C-Logistics (end-to-end logistic ecommerce solution). Cnova N.V. is part of Casino group, a global diversified retailer. Cnova N.V.'s news releases are available at www.cnova.com. Information available on, or accessible through, the sites referenced above is not part of this press release.
This press release contains regulated information (gereglementeerde informatie) within the meaning of the Dutch Financial Supervision Act (Wet op het financieel toezicht) which must be made publicly available pursuant to Dutch and French law. This press release is intended for information purposes only.
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| Cnova Investor Relations Contact: investor@cnovagroup.com Tel : +33 6 79 74 30 94 | Media contact: directiondelacommunication@cdiscount.com Tel: +33 6 18 33 17 86 cdiscount@vae-solis.com Tel : +33 6 17 76 79 71 |
Attachments
- 2025.04.18 PR Cnova NV_Publication of 2024 Annual Report & information regarding delisting
- Cnova NV Dutch Annual Report 2024 ESEF format
- Cnova NV Dutch Annual Report 2024
FAQ
When will Cnova (CNV) be delisted from Euronext Paris?
What is the current customer base of Cnova's Cdiscount platform?
What are the main B2B services offered by Cnova (CNV)?
What happens to CNV shares after the mandatory buy-out in June 2025?
