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 Grupo Pão de Açúcar (“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. As a result of this transfer and spin-off, GPA's participation in Éxito is of 96.57%.