French retailer Casino said today (2 April) that it has put in place a new buy option to acquire 5% of Dutch supermarket chain Super de Boer’s capital.
The call option on the stake, currently held by ING, will remain open until 30 June 2010 at EUR5 (US$6.71) per share.
A spokesperson for Casino highlighted that the call option is not a firm commitment to buy the stock.
“The call option gives us the right, not obligation to buy the stock. A decision on that has yet to be reached and will depend on a variety of issues,” the spokesperson told just-food.
An option to buy a 6.2% stake in Super de Boer held by ING, Royal Bank of Scotland and Rabobank expired on 31 March.
Casino currently holds 51% of Super de Boer’s capital.
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