Bloomberg News

Casino’s Exito to Seek $1.4B Selling New Shares in Colombia

June 30, 2011

June 30 (Bloomberg) -- Casino Guichard-Perrachon SA’s Exito unit will seek to raise as much as $1.4 billion by selling new shares in Colombia.

Casino will subscribe in line with its 54.8 percent stake and will keep control of Exito, it said in a statement. Exito is purchasing Casino’s stakes in Disco and Devoto for $746 million, the statement said.

Link to Statement:{NSN LNLAXC3V2800 <GO>}

To contact the editor responsible for this story: David Whitehouse at dwhitehouse1@bloomberg.net


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