In 2022, the French retail giant launched a significant reorganization of its Latin American assets. The centerpiece of this strategy was the separation of the Colombian subsidiary Almacenes Éxito from the Brazilian retailer Companhia Brasileira de Distribuição (GPA) . Why the Separation?
: Shareholders received Éxito shares in the form of Brazilian Depository Receipts (BDRs) in São Paulo and American Depository Receipts (ADRs) in New York. In 2022, the French retail giant launched a
Maximizing Value: Casino's Strategic Separation of Éxito and GPA In 2022, the French retail giant launched a
by allowing Éxito to be valued independently by the market. The Mechanics of the Spin-Off In 2022, the French retail giant launched a