-- F-1 Press Release
SAO PAULO, Brazil and BORDEAUX, France, June 5, 2014 /PRNewswire/ -- CNOVA NV ("Cnova"), a newly incorporated Dutch corporation and a global eCommerce player, announced today that it has filed a registration statement on Form F-1 with the U.S. Securities and Exchange Commission relating to a proposed initial public offering of its ordinary shares. The number of shares to be offered and the price range for the offering have not yet been determined.
As announced by Casino Group today, the Board of Directors of Casino, as well as those of its subsidiaries CBD, Via Varejo and Exito, approved the principal terms for the creation of the Cnova Group. One of the largest eCommerce companies in the world, Cnova will include the businesses of Cdiscount in France, Colombia, Thailand and Vietnam, and Nova in Brazil.
Morgan Stanley and JP Morgan will act as joint bookrunners for the proposed offering.
The proposed offering will be made only by means of a prospectus. A copy of the preliminary prospectus relating to these securities may be obtained when available from Morgan Stanley & Co LLC, 180 Varick Street, 2nd Floor, New York, NY 10014, Attention: Prospectus Department or J.P. Morgan Securities LLC, Attention: Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717.
A registration statement relating to these securities has been filed with the U.S. Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
Cnova will be one of the largest global eCommerce companies and includes the businesses of Cdiscount in France, Colombia, Thailand and Vietnam and Nova in Brazil. The Company will offer more than 11.7 million active customers access to a wide and growing assortment of more than approximately 9.2 million product offerings through a combination of its direct sales and sales by for third-party vendors. The Company's website is www.cnovagroup.com.
Certain statements and information included in this release may constitute "forward looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied in such forward looking statements. Additional discussion of such factors is contained in the companies' Securities and Exchange Commission filings. The company does not undertake any obligation to update any forward-looking statements.