Announced
Financials
Tags
supermarkets retailers
Pending
Tender Offer
Public
Brazil
Acquisition
Diversified Retailers
Single Bidder
Friendly
Majority
Synopsis
Casino Group's made a tender offer to acquire 55.3% stake in GPA from Éxito. The amended offer includes an improved price per GPA share at $28, resulting in $1.39bn deal value. This agreement has been reached in the context of the project that would lead to the simplification of Casino Group's structure in Latin America.
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