2022---casino-wants-to-maximize-the-value-of-its-brazilian-assets-by-separating-exito-from-gpa 【ORIGINAL – TRICKS】

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

—Assaí, GPA, and Éxito—providing the group with multiple monetization options. : Casino transitioned to a direct 34% stake

: Shareholders received Éxito shares in the form of Brazilian Depository Receipts (BDRs) in São Paulo and American Depository Receipts (ADRs) in New York. : Casino transitioned to a direct 34% stake

by allowing Éxito to be valued independently by the market. The Mechanics of the Spin-Off : Casino transitioned to a direct 34% stake

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.