The price to be offered in the TO is US$ 1.175 billion for 100% of the outstanding shares, equivalent to 0.9053 USD per share, of which US$ 400 million (corresponding to EUR 380 million on this date 1) is for Casino Group’s direct equity interest and US$ 156 million (EUR 148 million) is for GPA’s equity interest. Grupo Pão de Açucar (“GPA”), a Brazilian subsidiary of Casino, which holds 13.31% of Éxito Group’s shares is also party to the Pre-Agreement and agreed to sell its equity interest in the TO. (“Éxito Group”), corresponding to 34.05 % of Éxito Group’s capital stock, in tender offers to be launched by the Buyer in Colombia and in the United States of America for the acquisition of 100% of the outstanding shares of Éxito Group (including shares represented by American Depositary Shares and Brazilian Depositary Receipts), subject to the acquisition of at least 51% of the shares (“TO”). Disposal of Casino’s stake in Éxito GroupĬasino Group announces that its Board of Directors approved on Friday, 13 October 2023 the execution of a pre-agreement (“Pre-Agreement”) with Grupo Calleja, which owns the leading grocery retailer group in El Salvador and operates under the Super Selectos brand (the “Buyer”) for the sale of Casino’s total equity interest in Almacenes Éxito S.A.
