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    GPA (PCAR3) carries out studies to separate the business from the South American network

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    Preliminary studies are being carried out to segregate Éxito’s GPA businesses, with the aim of unlocking the value of Éxito (Image: Renan Dantas/Money Times)

    the group of retail feed GPA (PCAR3) announced this Wednesday that it is carrying out “preliminary” studies to separate the business of the South American chain Éxito from the rest of the Brazilian company that owns the Pão de Sugar.

    “Preliminary studies are being carried out to separate the GPA businesses from Éxito, with the aim of unlocking the value of Éxito,” said the Brazilian company in a material fact.

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    GPA is controlled by French Casino.

    The company did not provide further details about the plan, including when the studies will be completed.

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    Source: Moneytimes

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