Edition:
India

Companhia Brasileira de Distribuicao (CBD)

CBD on New York Consolidated

18.72USD
14 Nov 2019
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Latest Key Developments (Source: Significant Developments)

Casino's focus is to deleverage company - CFO
Thursday, 17 Oct 2019 

Oct 17 (Reuters) - Casino CFO David Lubek tells a conference call with analysts::CFO SAYS OUR STRATEGY IS VERY CLEAR, WE ARE FOCUSED ON DELEVERAGING THE COMPANY.CFO CONFIDENT GROUP CAN DELIVER ON ADDITIONAL 2 BLN EUROS ASSET SALES PLAN.CFO SAYS WILL NOT COMMENT ON ONGOING DISCUSSIONS TO SELL LEADER PRICE.  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

Brazil's GPA sold 2.3 bln reais in Via Varejo shares - filing
Saturday, 15 Jun 2019 

June 14 (Reuters) - Companhia Brasileira de Distribuição (GPA)::BRAZIL'S GPA <<>> SOLD 2.3 BILLION REAIS IN VIA VAREJO SHARES - FILING.  Full Article

Brazilian retailer GPA Reduces Stake In Via Varejo From 39.36 Percent To 36.27 Percent- Filing
Tuesday, 26 Feb 2019 

Feb 25 (Reuters) - Companhia Brasileira de Distribuicao ::BRAZIL'S GPA REDUCES STAKE IN VIA VAREJO FROM 39.36 PERCENT TO 36.27 PERCENT- FILING.BRAZILIAN RETAILER GPA SAYS RECEIVED 200 MILLION REAIS WITH SALE OF VIA VAREJO SHARES IN SWAP CONTRACT - FILING.  Full Article

Casino reiterates 2019 profit growth guidance
Thursday, 17 Jan 2019 

Jan 17 (Reuters) - Casino CFO David Lubek tells analysts::CFO SAYS PARTNERSHIP BETWEEN MONOPRIX AND AMAZON IS DELIVERING ABOVE EXPECTATIONS.CFO SAYS CDISCOUNT UNIT IS FIRMLY ON PATH TOWARD PROFITABLE GROWTH.CFO REITERATES THAT FOR 2019 THE GROUP STILL EXPECTS ABOVE 10 PERCENT IN EBIT GROWTH.CFO SAYS GEANT HYPERMARKETS WILL BE AT BREAK EVEN IN 2018, FRENCH HYPERMARKET PROFITABILITY TO SHARPLY IMPROVE IN 2019..  Full Article

Casino could exceed 1.5 bln euros assets sales target -CFO
Thursday, 18 Oct 2018 

Oct 18 (Reuters) - Casino CFO Antoine Giscard d'Estaing tells journalists::CFO SAYS VIA VAREJO SALE PROCESS IN BRAZIL STILL ONGOING, NO FURTHER NEWS.CFO SAYS ASSET SALES NOW TOTAL 1.1 BILLION EUROS UNDER DISPOSAL PLAN TO CUT DEBT, GROUP COULD EXCEED ITS 1.5 BILLION EUROS GOAL.  Full Article

Casino denies reports of sale of brazilian unit GPA and ops in Colombia - statement
Monday, 1 Oct 2018 

Oct 1 (Reuters) - Casino Guichard Perrachon SA ::FRANCE'S CASINO DENIES BRAZILIAN MEDIA REPORTS OF SALE OF ITS BRAZILIAN RETAIL UNIT GPA AND ITS COLOMBIAN OPERATIONS - STATEMENT.FRANCE'S CASINO SAYS REPORTS OF HIRING OF ROTSCHILD TO SELL LATAM OPERATIONS NOT TRUE- STATEMENT.  Full Article

Casino confident on Q3 sales growth - CFO
Tuesday, 17 Jul 2018 

July 17 (Reuters) - Casino ::CFO SAYS MONOPRIX PARTNERSHIPS WITH AMAZON AND OCADO ARE PROGRESSING ACCORDING TO PLAN.CFO SAYS PERFORMANCE OF ITS STORES IN DOWNDOWN PARIS WAS "EXCELLENT" IN Q2.LAST FOUR WEEKS TRADING IN FRANCE IS IN LINE WITH Q2 TREND.CFO SAYS CONFIDENT ON H1 RESULTS, CONFIDENT ON CAPACITY TO GROW Q3 SALES IN LINE WITH Q2.CFO SAYS SEEING "NO MATERIAL IMPACT" FROM LECLERC COMPETITION FOR ITS PARIS STORES.CFO SAYS MOST OF FRENCH GEANT HYPERMARKETS SHOULD BE EQUIPPED WITH CDISCOUNT CORNERS BY END 2019.  Full Article

Casino making headways on assets sale plan - CFO
Tuesday, 17 Jul 2018 

July 17 (Reuters) - Casino CFO Antoine Giscad d'Estaing tells a call with journalists::ASSETS SALE PLAN UNDER WAY, NO NEW ELEMENT TO REPORT AT THIS STAGE."WE ARE MAKING HEADWAYS" WHEN ASKED ABOUT ASSETS SALE PLAN .CFO WILL NOT COMMENT ON MARKET CONSENSUS FOR 2018 OPERATING PROFIT, REPEATS GROUP STICKING TO ITS FORECASTS.SAYS VIA VAREJO SALE PROCESS ALSO STILL UNDER WAY, NO NEWS TO REPORT.  Full Article

Monoprix to sharply boost online revenue in next 3 years
Tuesday, 15 May 2018 

May 15 (Reuters) - Monoprix CEO Regis Schultz tells Casino annual shareholders meeeting::Monoprix expects to multiply by five its online revenue in the next three years, thanks notably to recent partnership deals, including one with Amazon <<>>..Source text for Eikon: [ID:].  Full Article

Deals of the day-Mergers and acquisitions

Nov 13 The following bids, mergers, acquisitions and disposals were reported by 2100 GMT on Wednesday: