Casino cash to boost Éxito

Casino cash to boost Éxito

Equity M&A Capital Markets Funds Asset Management Colombia Brazil Europe

Minority shareholders in Grupo Éxito will likely sign on to Groupe Casino's plans to rearrange ownership of its assets in South America and agree to sell the Colombian retailer's stake in its Brazilian affiliate Companhia Brasileira de Distribuição, known as GPA, LatinFinance has heard. "The management committee has given it the nod so there is a very strong chance they will sell the business," said Julián Felipe Amaya, an analyst in the brokerage division of the Colombian bank Davivienda. Éxito

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