In a statement released this Monday, the group informed that it will sell 140,8 million shares, that is, 10,4% of the capital of its stake in the wholesale chain Assaí, which is listed on the São Paulo and New York Stock Exchanges.
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The group reserves the possibility of selling a maximum of 49,5 million additional shares (3,7% of Assaí's capital), including in the form of shares redeemable in the United States.
On Friday, Assaí's share price closed at R$19,21 (3,42 euros) on the São Paulo Stock Exchange.
The group has been facing financial difficulties for several years. In 2020, the Paris Commercial Court validated a safeguard plan for Casino's parent company, Rallye, and its holdings.
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The plan provided for the repayment of creditors through the payment of dividends by Casino, as well as the sale of assets.
(With AFP)
