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French retailer Casino is to restructure its Latin American operations in a cent of Éxito, its Columbian subsidiary, to which Casino would tender all of its controlling its entire Latin American activities across Brazil, Colombia.


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to tender Casino's entire stake (%) in Éxito to GPA's tender offer; and Financial Superintendence of Colombia would be made after Éxito.


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Casino Guichard-Perrachon SA said it will sell Brazilian and Argentine assets to Colombian unit Exito to simplify its structure in Latin America.


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Casino Guichard-Perrachon SA said it will sell Brazilian and Argentine assets to Colombian unit Exito to simplify its structure in Latin America.


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This week, Grupo Éxito inaugurated its first Carulla SmartMarket shop in Bogotá (​Colombia). More than a Business, it's the first “innovation lab” dedicated.


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Brazilian retailer GPA formally announced the terms for a tender offer to acquire shares of Colombian retailer Almacenes Exito SA on Saturday.


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No representation or warranty, either express or implied, is provided in relation to the accuracy, completeness or reliability of the information contained herein. It has no connection with the specific investment objectives, financial situation or needs of any receiver. GlobeNewswire is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.{/INSERTKEYS}{/PARAGRAPH} Formats available: Original Medium Small. Groupe Casino. These transactions remain subject to corporate approvals of competent governance bodies. Subscribe via RSS. This press release was prepared solely for information purposes, and should not be construed as a solicitation or an offer to buy or sell securities or related financial instruments. It should not be regarded by recipients as a substitute for the exercise of their own judgement. Register Sign In. Email Print Friendly Share. Subscribe via ATOM. This simplification project also includes the migration of GPA shares to the Novo Mercado B3 listing segment, with the conversion of preferred shares PN into ordinary shares ON at an exchange ratio of , allowing to end the existence of two classes of shares and giving GPA access to an extended base of international investors. {PARAGRAPH}{INSERTKEYS}On July 24th , in the context of the project that would lead to the simplification of Casino Group's structure in Latin America, the Board of Directors of Casino approved the decision:. All the opinions expressed herein are subject to change without notice. Groupe Casino Logo. Likewise, it does not provide and should not be treated as providing investment advice.