Exito Launches FO

Exito Launches FO

Colombia Equity

Colombia’s Grupo Exito has started the sale period for its COP2.502trn ($1.40bn) equity follow-on, which will close September 23 and see allocations finished by the September 27. The retailer is offering 114.27m shares at COP21,900 each, which it says represents an 8% discount to the COP23,800 average price over the month to the announcement of the deal. The company’s shares closed at COP23,000 Tuesday. Majority shareholder Grupo Casino intends to subscribe in line with its rights, lea

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