November 21, 2019
Shareholders in Colombia's Grupo Éxito have agreed to their part in Groupe Casino's plans to rearrange ownership of its assets in South America, according to the BVC stock exchange in Bogotá.
Almost all of Éxito's shareholders – 96.6% – approved the proposal to sell the company to Sendas Distribuidora, a subsidiary of Brazil's Companhia Brasileira de Distribuição, known as GPA, for COP18,000 ($5.23) per share.
Sendas sold BRL8 billion ($1.91 billion) in debentures in Brazil in August to fund th
Colombian retailer agrees to become part of the Brazilian company as France's Casino reshuffles its South American holdings