Casino open to selling stake in GPA as Brazil retailer no longer...
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2024-09-20 19:01
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By Luciana Magalhaes
SAO PAULO, July 31 (Reuters) - French retailer Casino no longer considers Brazil's GPA a strategic holding and Sweet Bonanza is open to selling its remaining 22.5% stake in the company, an executive at Casino's financial communications department said.
"Today, our stake in GPA is only as an investment, like any other," Christopher Welton told Reuters in an interview, saying Casino could decide to dispose of its GPA shares based on its assessment of what is best for the group.
The executive, however, added that no deal is imminent. He denied rumors that the French group had hired an investment bank to offer its shares in GPA to local and international investors. (Reporting by Luciana Magalhaes; editing by Gabriel Araujo)
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SAO PAULO, July 31 (Reuters) - French retailer Casino no longer considers Brazil's GPA a strategic holding and Sweet Bonanza is open to selling its remaining 22.5% stake in the company, an executive at Casino's financial communications department said.
"Today, our stake in GPA is only as an investment, like any other," Christopher Welton told Reuters in an interview, saying Casino could decide to dispose of its GPA shares based on its assessment of what is best for the group.
The executive, however, added that no deal is imminent. He denied rumors that the French group had hired an investment bank to offer its shares in GPA to local and international investors. (Reporting by Luciana Magalhaes; editing by Gabriel Araujo)
If you have virtually any issues about exactly where in addition to tips on how to work with 1WIN, you possibly can e-mail us with the page.
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