|Bid||N/A x N/A|
|Ask||N/A x N/A|
|Day's Range||29.05 - 29.05|
|52 Week Range||23.84 - 33.70|
|Beta (5Y Monthly)||0.65|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||May 09, 2019|
|1y Target Est||N/A|
Brazilian food retailer GPA denied on Tuesday in a securities filing reports that its parent company Casino Guichard Perrachon was considering selling its stake in the company. Two major Brazilian newspapers, O Estado de S. Paulo and Valor Economico, had earlier reported that Casino was considering selling its roughly 41% GPA stake.
French retail group Casino Guichard Perrachon is considering selling its roughly 41% stake in GPA, a major food retailer in Brazil, two major Brazilian newspapers reported late on Tuesday. Paper O Estado de S. Paulo, citing sources familiar with the matter, reported that Casino had hired Brazilian investment bank BR Partners to sell its stake in GPA. Newspaper Valor Economico, citing one source, said Casino was considering the GPA sale, but that it had not hired any banks or advisors.
Brazilian food retailer GPA SA is considering a spin off of its Colombian Almacenes Exito SA unit to GPA's shareholders including parent company Casino Guichard Perrachon, two sources with knowledge of the matter said. Such a transaction, similar to GPA's recent spin off of its Brazilian wholesale unit Assai, would fit with part of broader efforts by France's Casino to simplify its structure in Latin America, potentially unlocking more value from its holdings there. GPA owns almost 97% of Exito, which is listed in Colombia, with a market capitalization of $1.5 billion, leaving it the company, which employs around 35,000 people in 515 supermarkets across the country, with an extremely small free float.