2022---casino-wants-to-maximize-the-value-of-its-brazilian-assets-by-separating-exito-from-gpa May 2026

Announced in September 2022, the plan involved a capital reduction at GPA to distribute approximately directly to GPA’s shareholders.

Maximizing Value: Casino's Strategic Separation of Éxito and GPA Announced in September 2022, the plan involved a

: Shareholders received Éxito shares in the form of Brazilian Depository Receipts (BDRs) in São Paulo and American Depository Receipts (ADRs) in New York. Announced in September 2022

: Following the distribution, GPA retained a minority stake of roughly 13% in Éxito for future monetization. Announced in September 2022, the plan involved a