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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?

Announced in September 2022, the plan involved a capital reduction at GPA to distribute approximately directly to GPA’s shareholders. In 2022, the French retail giant launched a

in Latin America to reduce debt and improve financial clarity. Announced in September 2022, the plan involved a

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. In early 2024, both Casino and GPA sold

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