CNOVA N.V. publishes 2024 annual financial report and Information regarding the delisting
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.
Cnova N.V. (CNV), leader francese dell'e-commerce, ha pubblicato il suo rapporto finanziario annuale 2024 e ha annunciato la prossima esclusione dalla quotazione su Euronext Paris. La richiesta di delisting è stata approvata da Euronext Paris il 17 aprile 2025, con effetto a partire dal 20 giugno 2025, al completamento dell'obbligatoria procedura di acquisto.
L'azienda, che gestisce il sito Cdiscount, serve 6,9 milioni di clienti attivi e offre servizi B2C che includono prodotti a prezzi competitivi, opzioni di consegna e soluzioni di pagamento. Le sue attività B2B comprendono Octopia (Marketplace-as-a-Service), Cdiscount Advertising e i servizi C-Logistics.
Cnova N.V. (CNV), líder francés en comercio electrónico, ha publicado su informe financiero anual 2024 y ha anunciado su próxima exclusión de cotización en Euronext París. La solicitud de exclusión fue aprobada por Euronext París el 17 de abril de 2025, con fecha efectiva el 20 de junio de 2025, tras la finalización de la compra obligatoria.
La empresa, que opera el sitio web Cdiscount, atiende a 6.9 millones de clientes activos y ofrece servicios B2C que incluyen productos a precios competitivos, opciones de entrega y soluciones de pago. Sus operaciones B2B incluyen Octopia (Marketplace-as-a-Service), Cdiscount Advertising y servicios de C-Logistics.
Cnova N.V. (CNV)는 프랑스 전자상거래 선두 업체로서 2024년 연간 재무 보고서를 발표하고 Euronext Paris에서의 상장 폐지를 예고했습니다. 상장 폐지 요청은 2025년 4월 17일 Euronext Paris에서 승인되었으며, 의무 매수 절차 완료 후인 2025년 6월 20일에 발효됩니다.
이 회사는 Cdiscount 웹사이트를 운영하며 690만 명의 활성 고객에게 경쟁력 있는 가격의 상품, 배송 옵션, 결제 솔루션 등 B2C 서비스를 제공합니다. B2B 사업으로는 Octopia(서비스형 마켓플레이스), Cdiscount 광고, C-Logistics 서비스를 포함하고 있습니다.
Cnova N.V. (CNV), leader français du commerce électronique, a publié son rapport financier annuel 2024 et a annoncé son prochain retrait de la cotation sur Euronext Paris. La demande de retrait a été approuvée par Euronext Paris le 17 avril 2025, avec une date d'effet fixée au 20 juin 2025, après la réalisation du rachat obligatoire.
La société, qui exploite le site Cdiscount, compte 6,9 millions de clients actifs et propose des services B2C incluant des produits à prix compétitifs, des options de livraison et des solutions de paiement. Ses activités B2B comprennent Octopia (Marketplace-as-a-Service), Cdiscount Advertising et les services C-Logistics.
Cnova N.V. (CNV), der französische E-Commerce-Marktführer, hat seinen Jahresfinanzbericht 2024 veröffentlicht und die bevorstehende Börsenabmeldung von Euronext Paris angekündigt. Der Antrag auf Delisting wurde am 17. April 2025 von Euronext Paris genehmigt, mit Wirksamkeit zum 20. Juni 2025 nach Abschluss des obligatorischen Rückkaufs.
Das Unternehmen, das die Website Cdiscount betreibt, bedient 6,9 Millionen aktive Kunden und bietet B2C-Dienstleistungen an, darunter wettbewerbsfähige Preise, Lieferoptionen und Zahlungslösungen. Zu den B2B-Aktivitäten gehören Octopia (Marketplace-as-a-Service), Cdiscount Advertising und C-Logistics Services.
- Maintains strong customer base with 6.9 million active users
- Diversified business model with both B2C and B2B operations
- 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?
