ONE 07/30 06:22 Casino, Guichard Perrachon: Casino Group : New organization for the Group's operations in Latin America
Casino to Sell Some Assets to Exito for EU1.7b
2015-07-30 06:31:40.907 GMT
By Heather Burke
(Bloomberg) -- Exito to buy 50% of GPA voting shares owned
by Casino and 100% of Libertad in Argentina for EU1.7b.
* Exito will fully consolidate all the Latin American
activities of the Casino (Brazil, Colombia, Argentina and
Uruguay)
* Casino, which owns 54.8% of Exito, will remain controlling
shareholder, will keep fully consolidating its subsidiaries
Exito and GPA
* Reserves the possibility to acquire shares of its Latam
subsidiaries in the market over the next months
* No change in the management structure of GPA as a result
Link to Company News:{CO FP <Equity> CN <GO>}
For Related News and Information:
First Word scrolling panel: {FIRST<GO>}
First Word newswire: {NH BFW<GO>}
To contact the editor responsible for this story:
Heather Burke at +44-20-3525-2044 or
hburke2@bloomberg.net
2015-07-30 06:31:40.907 GMT
By Heather Burke
(Bloomberg) -- Exito to buy 50% of GPA voting shares owned
by Casino and 100% of Libertad in Argentina for EU1.7b.
* Exito will fully consolidate all the Latin American
activities of the Casino (Brazil, Colombia, Argentina and
Uruguay)
* Casino, which owns 54.8% of Exito, will remain controlling
shareholder, will keep fully consolidating its subsidiaries
Exito and GPA
* Reserves the possibility to acquire shares of its Latam
subsidiaries in the market over the next months
* No change in the management structure of GPA as a result
Link to Company News:{CO FP <Equity> CN <GO>}
For Related News and Information:
First Word scrolling panel: {FIRST<GO>}
First Word newswire: {NH BFW<GO>}
To contact the editor responsible for this story:
Heather Burke at +44-20-3525-2044 or
hburke2@bloomberg.net