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Casino, Guichard-Perrachon S.A. (CGUIF)

Other OTC - Other OTC Delayed Price. Currency in USD
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24.830.00 (0.00%)
At close: 03:47PM EDT
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  • Reuters

    Exclusive-Casino's GPA considers spinning off Colombia's Exito -sources

    Brazilian food retailer GPA SA is considering a spin off of its Colombian Almacenes Exito SA unit to GPA's shareholders including parent company Casino Guichard Perrachon, two sources with knowledge of the matter said. Such a transaction, similar to GPA's recent spin off of its Brazilian wholesale unit Assai, would fit with part of broader efforts by France's Casino to simplify its structure in Latin America, potentially unlocking more value from its holdings there. GPA owns almost 97% of Exito, which is listed in Colombia, with a market capitalization of $1.5 billion, leaving it the company, which employs around 35,000 people in 515 supermarkets across the country, with an extremely small free float.