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.
GPA is controlled by French Casino.
The company did not provide further details about the plan, including when the studies will be completed.
Join the Money Times group on Telegram!
You access the news in real time and can still participate in discussions related to the main topics in Brazil and the world. Join our group on Telegram now!
Link: https://t.me/MoneyTimesBR
Source: Moneytimes
I am an author at Global happenings and I mostly cover automobile news. In my time working in the automotive industry, I have developed a keen interest in the latest developments and trends. My writing skills have also allowed me to share my knowledge with others through articles and blog posts.
