GPA considers listing Assaí wholesale club

GPA considers listing Assaí wholesale club

Corporate & Sovereign Strategy Brazil Latin America Equity Capital Markets

Brazilian retail group Companhia Brasileira de Distribuição, which goes by its former initials GPA, said Wednesday that it is studying a possible spin-off of its wholesale unit Assaí ahead of listing its shares on the stock exchanges in São Paulo and New York. GPA said its board approved a study of a partial spin-off of Assaí and the subsidiary Sendas Distribuidora to provide the separate businesses with better access to financing. "The goal of the potential transaction is to unleash the full po

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