Casino announced a major step in its international operations. Casino has entered into a share purchase agreement with Exito regarding the acquisitions in cash of: 1/ an 18.8% stake in the total capital of Grupo Pão de Açúcar. This stake will grant Exito the right to consolidate the operation but there will be no change in the management structure of GPA as a result of this transaction; and 2/ a 100% stake in Casino's business in Argentina. The transaction will position &
31 Jul 2015
An astute way to reduce its debt
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An astute way to reduce its debt
Casino, Guichard-Perrachon SA (CO:PAR) | 0 0 0.8% | Mkt Cap: 5,066m
- Published:
31 Jul 2015 -
Author:
Virginie Blin -
Pages:
2
Casino announced a major step in its international operations. Casino has entered into a share purchase agreement with Exito regarding the acquisitions in cash of: 1/ an 18.8% stake in the total capital of Grupo Pão de Açúcar. This stake will grant Exito the right to consolidate the operation but there will be no change in the management structure of GPA as a result of this transaction; and 2/ a 100% stake in Casino's business in Argentina. The transaction will position &