: Shareholders received Éxito shares in the form of Brazilian Depository Receipts (BDRs) in São Paulo and American Depository Receipts (ADRs) in New York.
: Following the distribution, GPA retained a minority stake of roughly 13% in Éxito for future monetization.
In 2022, the French retail giant launched a significant reorganization of its Latin American assets. The centerpiece of this strategy was the separation of the Colombian subsidiary Almacenes Éxito from the Brazilian retailer Companhia Brasileira de Distribuição (GPA) . Why the Separation? : Shareholders received Éxito shares in the form
By mid-2024, as part of a broader debt restructuring, Casino announced it no longer viewed GPA as a strategic holding and was open to selling its remaining shares.
—Assaí, GPA, and Éxito—providing the group with multiple monetization options. The centerpiece of this strategy was the separation
In early 2024, both Casino and GPA sold their combined stakes in Éxito to the El Salvador-based for approximately $550 million .
Announced in September 2022, the plan involved a capital reduction at GPA to distribute approximately directly to GPA’s shareholders. : Shareholders received Éxito shares in the form
by allowing Éxito to be valued independently by the market. The Mechanics of the Spin-Off
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