(Corrects to say Diniz was excluded from Casino’s board, not Pao de Acucar’s.)
Casino Guichard-Perrachon SA (CO) shareholders yesterday approved the removal of Abilio Diniz from its management board, O Estado de Sao Paulo newspaper reported, citing a video transmission on Casino’s website.
Diniz remains chairman of Cia Brasileira de Distribuicao Grupo Pao de Acucar (PCAR4)’s, Brazil’s largest retailer.
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