2022---casino-wants-to-maximize-the-value-of-its-brazilian-assets-by-separating-exito-from-gpa Direct

by allowing Éxito to be valued independently by the market. The Mechanics of the Spin-Off

The primary goal of this move was to of Grupo Éxito, which Casino believed was not fully reflected while it remained a subsidiary of GPA. By spinning off Éxito, Casino aimed to: by allowing Éxito to be valued independently by the market

In early 2024, both Casino and GPA sold their combined stakes in Éxito to the El Salvador-based for approximately $550 million . Casino aimed to: In early 2024

Announced in September 2022, the plan involved a capital reduction at GPA to distribute approximately directly to GPA’s shareholders. by allowing Éxito to be valued independently by the market

This strategic "unbundling" was a critical step in Casino's multi-year effort to deleverage and simplify its global operations in the face of mounting financial pressure.