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

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

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

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. : Following the distribution

The primary goal of this move was to of Grupo Éxito, which Casino believed was not fully reflected while it remained a subsidiary of GPA. By spinning off Éxito, Casino aimed to: : Following the distribution, GPA retained a minority

Maximizing Value: Casino's Strategic Separation of Éxito and GPA