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The dispute for greater decision -making power within the GPA (PCAR3), or Pão de Açúcar Group, gets a new chapter this week. The family Diniz rabbitwhich has a retailer with its name in Minas Geraisreached more than 17% stake in the capital of the holding company that owns the Supermarkets Sugar and Extra Supermarkets.
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The five members of the Coelho Diniz family held 10% of the GPA capital until last Monday (14), when they sent correspondence that communicates the increase of the slice to 17.7%. Each has 3.54% of the total actions GPA Ordinary.
Thus, together, the Coelho Diniz family becomes the second largest shareholder of the GPA, behind only the French company SEGIOR, which has just over 20% of capital. The segident became a shareholder after corporate reorganization held in 2015 by Casinoformer controller of the Pão de Açúcar Group.
The intention of the Coelho Diniz Group, which has a network of 24 supermarkets in Minas, is to increase its decision power in the GPA. André Luiz Coelho Diniz is currently part of the Board of Directors, which also has Edison Ticle, financial and investor relations Minerva (Beef3).
Another relevant shareholder of the GPA is the US manager Nivenwhich holds more than 8% of the shares.
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The GPA fits the concept of Corporation, which are companies without a controlling shareholder, which has more than 50% of capital. More than 53% of the shares are in the hands of minority, on the market.
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Source: Moneytimes
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