RIO DE JANEIRO, BRAZIL - (REUTERS) Brazilian food retailer GPA SA is considering a spin-off of its Colombian Almacenes Exito SA unit to GPA's shareholders including parent company Casino Guichard Perrachon, two sources with knowledge of the matter said.
Such a transaction, similar to GPA's recent spin-off of its Brazilian wholesale unit Assai, would fit with part of broader efforts by France's Casino to simplify its structure in Latin America, potentially unlocking more value from its holdings there.
GPA owns almost 97% of Exito, which is listed in Colombia, with a market capitalization of US$1 . . .