Colombian Retailer Almacenes Exito plans to issue $111m in shares to minority shareholders of fellow retailer Carulla Vivero to help finance the purchase of the 22.5% stake in Carulla it doesn’t yet own. Exito will issue 14.3m shares at $7.75 each. Exito acquired a controlling stake in Carulla in 2007 and is aiming to buy the remaining part of the company by March. Exito, which is controlled by French retailer Casino Guichard-Perrachon, plans to pay $222m for the rest of Carulla, to be financed half with cash and half by the 14.3m share sale. Corredores Asociados is leading the placement. Between November and December, Exito raised COP435bn ($218m) through the sale of 30m new shares at COP14,500 each, also through a group led by Corredores Asociados.