Casino - comment

All too late.  Casino finally get round to exiting another segment of their South American holdings, with Casino, and indirectly GPA, selling their stake in Exito.  Casino has reached an agreement with Grupo Calleja, a grocery retailer in El Salvador, to sell its stake for $400m.  

Calleja are launching a takeover for 100% of Exito, with the takeover expected to close by year-end.  The sale of the Casino stake is subject to Calleja gaining control of Exito (50.1%).  Again, do please let us know if you would like us to continue to cover the name in any further detail as we are set to shelve it in the near future.