In early 2024, both Casino and GPA sold their combined stakes in Éxito to the El Salvador-based for approximately $550 million .
This strategic "unbundling" was a critical step in Casino's multi-year effort to deleverage and simplify its global operations in the face of mounting financial pressure. In early 2024, both Casino and GPA sold
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. Announced in September 2022, the plan involved a
Announced in September 2022, the plan involved a capital reduction at GPA to distribute approximately directly to GPA’s shareholders. Outcome and Evolution
: Shareholders received Éxito shares in the form of Brazilian Depository Receipts (BDRs) in São Paulo and American Depository Receipts (ADRs) in New York.
: Casino transitioned to a direct 34% stake in Éxito, alongside its existing 41% stake in GPA. Outcome and Evolution