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

: Casino transitioned to a direct 34% stake in Éxito, alongside its existing 41% stake in GPA. Outcome and Evolution

—Assaí, GPA, and Éxito—providing the group with multiple monetization options. : Casino transitioned to a direct 34% stake

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

In early 2024, both Casino and GPA sold their combined stakes in Éxito to the El Salvador-based for approximately $550 million . by allowing Éxito to be valued independently by the market

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.

: Shareholders received Éxito shares in the form of Brazilian Depository Receipts (BDRs) in São Paulo and American Depository Receipts (ADRs) in New York.

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