In 2019, within the framework of the project to simplify the corporate structure of Casino Guichard-Perrachon in Latin America:
- Almacenes Éxito S.A. (“Éxito”) sold its indirect stake in Companhia Brasileira de Distribuição ("CBD" or "GPA").
- Sendas Distribuidora S.A. (“Sendas”) acquired 96.57% of the shares of Éxito.
In 2021, Sendas transferred 87.8% in favor of GPA, by means of a partial spin-off in Brazil, subject to that country’s laws. This in addition to the 8.77% transfer in favor of GPA previously made. Subsequently, GPA made a contribution in kind to its wholly owned subsidiary, GPA 2 Empreendimentos E Participacoes Ltda, of 22,380,232 ordinary shares, equivalent to a 5% share participation in the Company.
As a consequence of these transactions, GPA's (CBD) direct participation in Éxito was 91.57%, and indirect, through GPA 2 Empreendimentos E Participacoes Ltda, of 5%.
Then, as a result of the Share Buyback transaction authorized by the General Shareholders Assembly on May 24, 2022, to date GPA (CBD) has a direct participation of 91.52% and retains the same indirect participation (5% through GPA 2 Empreendimentos E Participacoes Ltda).
