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Companhia Brasileira de Distribuicao (PCAR4.SA)

PCAR4.SA on Sao Paulo Stock Exchange

90.70BRL
21 Aug 2019
Change (% chg)

R$ 1.95 (+2.20%)
Prev Close
R$ 88.75
Open
R$ 89.60
Day's High
R$ 90.70
Day's Low
R$ 88.32
Volume
1,203,400
Avg. Vol
1,825,730
52-wk High
R$ 99.38
52-wk Low
R$ 75.13

Latest Key Developments (Source: Significant Developments)

Casino: Final Amendment To Offer To Acquire Exito's 50% Of Segisor
Monday, 19 Aug 2019 

Aug 20 (Reuters) - CASINO GUICHARD PERRACHON SA ::ANNOUNCED ON MONDAY THAT CASINO BOARD OF DIRECTORS DECIDED ON A FINAL AMENDMENT TO ITS OFFER TO ACQUIRE EXITO’S 50% OF SEGISOR.OFFER TO ACQUIRE EXITO'S EQUITY INTEREST IN GPA INDIRECTLY HELD THROUGH FRENCH COMPANY SEGISOR.IMPROVED PRICE PER GPA SHARE AT 113 BRL.PARTIAL PURCHASE PRICE MATCHING CLAUSE (EQUAL TO 80% OF PRICE DIFFERENCE) ON 49.8 MLN GPA SHARES THAT CASINO WOULD INDIRECTLY ACQUIRE FROM EXITO IN CASE OF DISPOSAL OF ALL OR PART OF SUCH SHARES ABOVE 113 BRL PER SHARE WITHIN 15 MONTHS.AMENDED OFFER IS VALID UNTIL AUGUST 27, 2019.OTHER TERMS AND CONDITIONS OF THE SIMPLIFICATION PROJECT REMAIN UNCHANGED.  Full Article

GPA's Expectations For Q3 And Q4 Are "Very Positive"-CEO
Thursday, 25 Jul 2019 

July 25 (Reuters) - Companhia Brasileira de Distribuicao ::BRAZIL RETAILER GPA SEES POTENTIAL TO CONVERT MORE STORES THAN INITIALLY EXPECTED IN 2019-EXEC.GPA STARTED THE SECOND SEMESTER OF 2019 "MORE CONFIDENT", EXPECTS STIMULUS PACKAGE ANNOUNCED BY GOVERNMENT TO BENEFIT ITS BUSINESS-CEO.GPA'S EXPECTATIONS FOR Q3 AND Q4 ARE "VERY POSITIVE"-CEO.GPA SEES "SIGNIFICANT SALES GROWTH" IN PÃO DE AÇÚCAR STORES IN JULY, EXPECTS POSITIVE TREND TO CONTINUE-EXEC.GPA SAYS MOBILE APP JAMES DELIVERY IS PERFORMING BETTER THAN EXPECTED, CO SEES OPPORTUNITIES TO FURTHER IMPROVE RESULTS-CEO.GPA RULES OUT DECLINE IN EXTRA SALES OR MARGIN AFTER SALE OF STAKE IN APPLIANCES RETAILER VIA VAREJO-CEO.GPA SEES STRONG IMPROVEMENT IN MARGINS IN Q3 COMPARED TO Q2, DESPITE BIG CHALLENGES-CEO.  Full Article

Casino CFO: Latin America business should get higher valuation as result of restructuring
Thursday, 27 Jun 2019 

June 27 (Reuters) - Casino ::CFO DAVID LUBEK TELLS REUTERS THAT PLAN TO RESTRUCTURE LATIN AMERICA BUSINESS WILL SIMPLIFY IT AND HELP THE BUSINESS ACHIEVE A HIGHER VALUATION.CFO SAYS PLAN TO RESTRUCTURE LATIN AMERICA BUSINESS SHOULD IN PRINCIPLE NOT CHANGE THE DEBT OF CASINO GROUP IN FRANCE.  Full Article

French retailer Casino confirms Latin American restructuring plans
Thursday, 27 Jun 2019 

June 27 (Reuters) - Casino Sa ::REG-CASINO GROUP: PROJECT TO SIMPLIFY THE STRUCTURE OF CASINO GROUP IN LATIN AMERICA.AN ALL-CASH TENDER OFFER LAUNCHED BY GPA ON 100% OF ÉXITO'S SHARES, TO WHICH CASINO WOULD TENDER ALL OF ITS STAKE (55.3%).ACQUISITION BY CASINO OF SHARES HELD BY ÉXITO IN SEGISOR.MIGRATION OF GPA SHARES TO NOVO MERCADO B3 LISTING SEGMENT, WITH CONVERSION OF PREFERRED SHARES (PN) INTO ORDINARY SHARES (ON) AT AN EXCHANGE RATIO OF 1:1.CASINO WOULD SOLELY HOLD 41.4% OF GPA, WHICH WOULD ITSELF CONTROL ÉXITO AND ITS SUBSIDIARIES IN URUGUAY AND ARGENTINA.  Full Article

Casino CFO says Rallye has not lost control over Casino
Friday, 24 May 2019 

May 24 (Reuters) - Casino ::CFO SAYS RALLYE <<>> HAS NOT LOST ITS CONTROL OVER CASINO AS A RESULT OF THE SAFEGUARD PROCEEDINGS.CFO SAYS CASINO KEEPS RUNNING ITS OPERATIONS AS USUAL.GROUP IS FOCUSED ON EXECUTING ITS STRATEGIC PLAN IN LINE WITH ITS PREVIOUS COMMUNICATION - CFO.CFO SAYS THE PROCEDURE DOES NOT RELATE TO CASINO'S DEBT.CFO SAYS THE PROCEDURE HAS NO IMPACT ON THE AVAILABILITY OF THE COST OF THE GROUP'S EXISTING FINANCIAL RESOURCES.  Full Article

Casino's parent company Rallye placed under creditors' protection by Paris court -Le Figaro
Thursday, 23 May 2019 

May 23 (Reuters) - Casino /Rallye : :PARENT COMPANY RALLYE <<>> PLACED UNDER CREDITORS' PROTECTION BY PARIS INDUSTRIAL COURT - LE FIGARO.RALLYE NOT IMMEDIATELY AVAILABLE FOR COMMENT.  Full Article

Brazil's GPA reports Q1 consolidated net profit of 164 mln reais
Thursday, 9 May 2019 

May 8 (Reuters) - Grupo Pão de Açúcar SA ::BRAZIL'S GPA REPORTS Q1 CONSOLIDATED NET PROFIT OF 164 MILLION REAIS.BRAZIL'S GPA REPORTS Q1 ADJUSTED EBITDA OF 642 MILLION REAIS.  Full Article

Casino CEO confident on 2018 financial goals
Tuesday, 15 May 2018 

May 15 (Reuters) - Casino CEO Jean-Charles Naouri tells shareholders::CEO SAYS REITERATES 2018 FINANCIAL GUIDANCE, CONFIDENT CAN DELIVER ON IT IN VIEW OF GOOD Q1 AND CONTINUATION OF GOOD TREND IN Q2..Reiterates prediction of 2018 organic growth above 10 percent in conslidated profit, excluding tax credits, and of organic groth in French operating profit, excluding real estate activities, also above 10 percent.  Full Article

Deals of the day-Mergers and acquisitions

Aug 20 The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Tuesday: