Casino Signs Agreements With GPA, Exito in Latin America
13 September 2019 - 8:00AM
Dow Jones News
By Olivia Bugault
Casino Guichard-Perrachon SA (CGUSY) said Friday that it has
signed agreements with its subsidiary Companhia Brasileira de
Distribuicao Grupo Pao de Acucar (PCAR4.BR), or GPA, and Almacenes
Exito SA (EXITO.BO), or Exito, for the launch of GPA's all-cash
tender offer on Exito.
The French retailer and GPA's shareholder said that the GPA's
tender offer on Exito received the necessary corporate
approvals.
Meanwhile, Casino said its acquisition of Segisor's shares held
by Exito has been approved.
Following the approvals, Casino signed a pre-agreement with GPA
for the launch of the tender offer and a share-purchase agreement
with Exito for Segisor's shares.
Write to Olivia Bugault at olivia.bugault@dowjones.com
(END) Dow Jones Newswires
September 13, 2019 01:45 ET (05:45 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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