On Friday October 13, 2023, the Group's Board of Directors approved the signature of a preliminary agreement with Grupo Calleja for the sale of Casino's entire stake in Almacenes Éxito, corresponding to 34.05% of Grupo Éxito's share capital.

This transaction is part of tender offers to be launched byGrupo Calleja in Colombia and the United States to acquire 100% of the outstanding shares of Groupe Éxito, subject to the acquisition of at least 51% of the shares
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Grupo Pão de Açucar (GPA), a Brazilian subsidiary of Casino, which holds 13.31% of Groupe Éxito's shares, is also a party to the Preliminary Agreement and has agreed to sell its stake as part of the takeover bid.

The price to be offered under the takeover bid is USD 1.175 billion for 100% of the outstanding shares, equivalent to USD 0.9053 per share, representing a total of USD 400 million (corresponding to EUR 380 million at this date1) for Groupe Casino's direct stake and USD 156 million (EUR 148 million) for GPA's stake.



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