Casino Group announces the approval for the listing of Assaí
February 19 2021 - 5:48PM
Casino Group announces the approval for the listing of Assaí
Paris, 19th February 2021,
Companhia Brasileira de Distribuição (GPA), the
Brazilian subsidiary of Casino Group, announced today that it
obtained (i) on February 10, 2021, the authorization to list the
shares issued by Sendas Distribuidora S.A. (Assaí) on the Novo
Mercado segment of the B3 SA - Brasil, Bolsa, Balcão; (ii) and, on
February 12, 2021, the authorization to list the American
Depositary Securities (ADSs) of Assaí on the New York Stock
Exchange. These listings take place in the context of previously
announced transactions to reorganize and spin off certain GPA
assets. Assaí shares, currently wholly owned by GPA, will be
distributed to GPA shareholders at a ratio of one Assaí share for
each GPA share. The trading of Assaí shares and ADSs will begin on
March 1, 2021.
Following the listing of Assaí, Casino Group,
which currently holds a 41.3% stake in GPA, would then hold a 41.3%
stake in 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 banners in Brazil and through its Colombian subsidiary,
Exito, in which GPA holds a 96.6% stake.
More information regarding the process and the
listing dates can be found in the specific press releases available
on the websites of GPA, Sendas and the Security Exchange
Commission, respectively: www.gpari.com.br ;
www.assai.com.br/informacoes-financeiras ; and www.sec.gov.
Disclaimer
This press release was prepared solely for
information purposes, and should not be construed as a solicitation
or an offer to buy or sell securities or related financial
instruments. Likewise, it does not provide and should not be
treated as providing investment advice. It has no connection with
the specific investment objectives, financial situation or needs of
any receiver. No representation or warranty, either express or
implied, is provided in relation to the accuracy, completeness or
reliability of the information contained herein. It should not be
regarded by recipients as a substitute for the exercise of their
own judgement. All the opinions expressed herein are subject to
change without notice.
ANALYST AND INVESTOR
CONTACTSLionel BENCHIMOL – +33 (0)1 53 65 64
17 lbenchimol@groupe-casino.fror
+33 (0)1 53 65 24 17
IR_Casino@groupe-casino.fr
PRESS
CONTACTSCasino Group – Direction of
CommunicationStéphanie ABADIE - sabadie@groupe-casino.fr -
+33 (0)6 26 27 37 05
or
+33(0)1 53 65 24 78 -
directiondelacommunication@groupe-casino.fr
Agence IMAGE 7Karine
ALLOUIS - +33(0)1 53 70 74 84 -
kallouis@image7.frFranck PASQUIER – Tel : +33 (0)1 53 70 74 91
- fpasquier@image7.fr
- 2020.02.19 - PR - Casino Group announces the approval for the
listing of Assai
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