Casino: amendments to offer for GPA shares
(CercleFinance.com) - So as to simplify its structure in Latin America, Casino has said that its Board of Directors has approved a final amendment to its offer to acquire shares that Éxito indirectly holds in GPA, via Segisor.
The amendment raises the price to 113 reais per GPA share and provides for a partial price alignment clause on the 49.8 million GPA shares that Casino would indirectly purchase from Éxito, in the event of a sale in excess of 113 reais in the next 15 months.
The modified offer is valid until 27 August. The operations of the simplification project remain subject to certain authorisations set by the governing bodies concerned, which they must comply with.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
The amendment raises the price to 113 reais per GPA share and provides for a partial price alignment clause on the 49.8 million GPA shares that Casino would indirectly purchase from Éxito, in the event of a sale in excess of 113 reais in the next 15 months.
The modified offer is valid until 27 August. The operations of the simplification project remain subject to certain authorisations set by the governing bodies concerned, which they must comply with.
Copyright (c) 2019 CercleFinance.com. All rights reserved.