2022---casino-wants-to-maximize-the-value-of-its-brazilian-assets-by-separating-exito-from-gpa -

by allowing Éxito to be valued independently by the market. The Mechanics of the Spin-Off

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. by allowing Éxito to be valued independently by the market

The primary goal of this move was to of Grupo Éxito, which Casino believed was not fully reflected while it remained a subsidiary of GPA. By spinning off Éxito, Casino aimed to: By spinning off Éxito, Casino aimed to: In

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? : Following the distribution, GPA retained a minority

: Following the distribution, GPA retained a minority stake of roughly 13% in Éxito for future monetization.

—Assaí, GPA, and Éxito—providing the group with multiple monetization options.