Paris, February 19, 2021
Companhia Brasileira de Distribuição (GPA), the Brazilian subsidiary of Casino Group, announced today that it (i) received approval on February 10, 2021 to sell the shares issued by Sendas Distribuidora SA (Assaí) in the Novo Mercado segment of the B3 SA – Brazil, Bolsa, Balcão; (ii) and on February 12, 2021, the approval to list Assaí’s American Depositary Securities (ADS) on the New York Stock Exchange. These listings are being made as part of previously announced transactions to reorganize and spin off certain GPA assets. Assaí shares, currently 100% owned by GPA, will be distributed to GPA shareholders at the ratio of one Assaí share per GPA share. Trading in Assaí shares and ADS will begin on March 1, 2021.
Following the listing of Assaí, the Casino Group, which currently holds 41.3% of GPA, would hold 41.3% of GPA and an identical stake in Assaí.
Assaí focuses its activities exclusively on cash and carry in Brazil, while GPA focuses on other food retail formats through its banner in Brazil and through its Colombian subsidiary Exito, in which GPA has a 96.6% stake.
For more information on the process and listing dates, see the specific press releases available on the GPA, Sendas and Security Exchange Commission websites: www.gpari.com.br; www.assai.com.br/informacoes-financeiras; and www.sec.gov.
Disclaimer of liability
This press release is prepared for informational purposes only and should not be construed as a solicitation or an offer to buy or sell any security or related financial instrument. Likewise, it does not provide investment advice and should not be treated as investment advice. It is unrelated to the specific investment objectives, financial situation, or needs of any recipient. No representation or warranty, express or implied, is made as to the accuracy, completeness or reliability of the information contained herein. It should not be viewed by recipients as a substitute for exercising their own judgment. All opinions expressed here are subject to change without notice.
ANALYST AND INVESTOR CONTACTS
Lionel BENCHIMOL – +33 (0) 1 53 65 64 17
+33 (0) 1 53 65 24 17
casino Group – direction of communication
Stéphanie ABADIE – [email protected] – +33 (0) 6 26 27 37 05
+33 (0) 1 53 65 24 78 – [email protected]
02/19/2020 – PR – Casino Group announces approval to list Assai