June 28, 2019 |
France's Groupe Casino plans to rearrange the ownership of its Latin American operations through its subsidiaries Companhia Brasileira de Distribuição, known as GPA, in Brazil and Grupo Éxito in Colombia.
According to the plan, GPA will launch an all-cash offer to buy 100% of Éxito's shares, including Casino's 55.3% stake. Casino, in turn, will buy Éxito's stake in the holding Segisor, which owns 37.3% of all shares and 99.9% of voting shares in GPA.
The plan also calls for the Brazilian subsidi
Brazilian subsidiary GPA will acquire Éxito in Colombia as part of the French retailer's regional restructuring plans