(CercleFinance.com) – The group announces that its Board of Directors approved on Friday October 13, 2023 the signing of a prior agreement with Grupo Calleja for the sale of Casino’s entire stake in Almacenes Éxito, corresponding to 34, 05% of the share capital of Groupe Éxito.
This operation is made within the framework of public purchase offers to be launched by Grupo Calleja in Colombia and the United States with a view to the acquisition of 100% of the outstanding shares of Groupe Éxito subject to the acquisition of at least 51% of the shares
(takeover bid).
Grupo Pão de Açucar (GPA), a Brazilian subsidiary of Casino, which owns 13.31% of the shares of Groupe Éxito, is also a party to the Preliminary Agreement and has agreed to sell its stake under the takeover bid.
The price that will be offered under the takeover bid is USD 1.175 billion for 100% of the outstanding shares, or the equivalent of USD 0.9053 per share, which represents a total of USD 400 million (corresponding to to 380 million EUR on this date1) for the direct participation of the Casino group and 156 million USD (148 million EUR) for the participation of GPA.
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