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

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.

Announced in September 2022, the plan involved a capital reduction at GPA to distribute approximately directly to GPA’s shareholders. This strategic "unbundling" was a critical step in

In 2022, the French retail giant launched a significant reorganization of its Latin American assets. The centerpiece of this strategy was the separation of the Colombian subsidiary Almacenes Éxito from the Brazilian retailer Companhia Brasileira de Distribuição (GPA) . Why the Separation? The centerpiece of this strategy was the separation

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. : Casino transitioned to a direct 34% stake

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

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

—Assaí, GPA, and Éxito—providing the group with multiple monetization options.