Uniwide Holdings, Inc.
PSE Circular for Brokers No. 304-00 • Philippine Stock Exchange • Circulars for Brokers • Feb 9, 2000
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February 9, 2000 PSE CIRCULAR FOR BROKERS NO. 304-00 SUBJECT : Uniwide Holdings, Inc . This is with reference to the agreement of Uniwide Group of Companies with Casino Guichard-Perrachon to purchase a controlling stake in the warehouse club operations of Uniwide. Uniwide Holdings, Inc. ("UW") informed the Exchange that the agreement being referred to is a binding Memorandum of Understanding (MOU) between Uniwide and Casino contemplating the purchase of a controlling stake in the warehouse club operations of Uniwide, in association with a local partner. The salientpoints of the MOU, provide, among others, that the enterprise value of the operations has been set at P4.07 billion and that several conditions precedent must be complied with, notable among which, is that the subject assets to be acquired must be restructured and transferred free of financial debt. The definitive agreements for the implementation of the transaction will be drawn up and signed at the appropriate time. As a background, Casino is a leading global retailer operating approximately 5,000 hypermarkets, supermarkets and cafeterias all over the world with its principal office located in France. Casino's consolidated net sales in 1998 was registered at US$13 billion. A copy of the latest Annual Report of the Casino Group for the year ended December 31, 1998 furnished by UW is available for reference at the PSE Center and PSE Plaza Libraries. llcd For your information. (SGD.) MARIA ISABEL T. GARCIA OIC, Listings & Disclosure Group
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