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Top related persons:
Stephane Mahe - 1 Almacenes - 1 Exito - 1 Sudip Kar - 1 Olivier Sorgho - 1 Jacqueline Wong - 1 Lincoln - 1
Top related locs:
aÊCasinoÊsupermarket Nantes France El Salvador Almacenes
Top related orgs:
REUTERS - 1 Rights - 1 Grupo Calleja - 1 Casino - 1 Thomson - 1

Search resuls for: "Almacenes"


2 mentions found


☆ French retailer Casino agrees initial deal to sell stake in Exito Group
  + stars: | 2023-10-16 | by ( ) www.reuters.com   time to read: +1 min
A logo of French retailerÊCasinoÊis pictured outside aÊCasinoÊsupermarket in Nantes, France, July 27, 2023. REUTERS/Stephane Mahe/File Photo Acquire Licensing RightsPARIS, Oct 16 (Reuters) - Indebted French supermarket chain Casino (CASP.PA) said on Monday it had agreed an initial deal to sell its stake in Latin American retailer Almacenes Exito (IMI.CN) to Grupo Calleja. Casino's board on Friday approved a pre-agreement to sell its entire stake in Almacenes Exito to Grupo Calleja, a leading grocery retailer in El Salvador, it said. Casino is in the midst of a restructuring after years of debt-fuelled acquisitions had brought it to the verge of default. The price per share may be reduced by extraordinary dividend distributions, asset transfers or similar transactions made by Exito, Casino added in a statement.
Persons: Stephane Mahe, Almacenes, Exito, Sudip Kar, Olivier Sorgho, Jacqueline Wong, Lincoln Organizations: REUTERS, Rights, Grupo Calleja, Casino, Thomson Locations: aÊCasinoÊsupermarket, Nantes, France, El Salvador, Almacenes
☆ Casino's GPA prepares to spin off Colombian supermarket operator Exito
  + stars: | 2022-12-31 | by ( ) www.reuters.com   time to read: +1 min
SAO PAULO, Dec 30 (Reuters) - Brazilian retailer GPA (PCAR3.SA) said on Friday it had taken the first steps towards spinning off its Colombian subsidiary Almacenes Exito SA (IMI.CN) and plans to distribute its shares to existing shareholders. In a securities filing, GPA said Exito had applied to be a publicly-held company in Brazil and list Brazilian Depositary Receipts (BDRs) on the Sao Paulo stock exchange. Exito also plans to list American Depositary Receipts (ADRs) in New York. Exito, which operates supermarkets and shopping malls in South America, has market value of some $925 million, according to Refinitiv data. Following the spin-off, GPA will retain a 13% stake in Exito, down from its current holding of nearly 97%.
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