How could the sale of Success be? Everything that is known about the millionaire business - Companies

The business world is constantly changing and evolving. In fact, the protagonists of this week are the Grupo Éxito and the Gilinski Group.

We tell you what these two groups have to do with each other and why today they are part of the most important economic news in the country.

(We recommend: ‘We must prevent monopolies’: Ministry of Finance after Gilinski’s intention to buy Éxito)

At the beginning of the week, Casino, majority partner of Éxito, announced that it wants to sell its stakewith the aim of paying a debt, it opened the possibility of getting rid of the Brazilian subsidiary Grupo Pao de Açucar (GPA) and the Colombian Éxito.

Casino would make the decision “as part of its strategy to reduce its significant debt and guarantee its economic sustainability.”

At the news, the Grupo Éxito and the GPA request information. GPA, for its part, reported that to date, no details have been received from France about any sales process.

(In addition: Success: the operation proposed by Gilinski for US$ 836 million to buy the chain).

For his part, The Gilinski group, one of the largest business conglomerates in Colombia and who recently acquired the Nutresa company, launched a proposal.

Thus, the Colombian banker and businessman Jaime Gilinski Bacal announced that he is willing to pay 836 million dollars (about 3.5 trillion pesos) for the 96.52 percent that the Companhia Brasileira de Distribuição (GPA) owns in the Success.

However, Although the deal would be million-dollar, the value Gilinski offers is less than the value of the company.

(Keep reading: Can Gilinski get Éxito? His offer is less than the company’s value.)

Gabriel and Jaime Gilinski.

Photo:

Time / Courteous

However, while Casino’s announcement was being finalized, Ómar Suárez, Casa de Bolsa’s Variable Income manager, said that the spin-off operation of Éxito shares was carried out with respect to GPA, which is the current controlling shareholder of the chain of commerce. what an opera in colombia

At the moment, Carlos Mario Giraldo, president of Grupo Éxito, has not commented on the sale to the Gilinski group, but he did tell Briefcase that: “The first thing is that at a structural level We continue with the spin-off process of the company from Grupo Pao de Açucar (GPA) in Brazildelivery of shares to all the shareholders of Éxito, and listing both on the Sao Paulo and New York stock exchanges, and also on the Colombian stock market”.

(You can read: Sale of Grupo Éxito: what has the company said after the Casino plans?).

Carlos Mario Giraldo, president of Grupo Éxito.

Photo:

Mauricio Moreno. TIME

(Other news: Adidas launched new offers on the website and unknown points of sale in Bogotá: what do they sell).

At the moment the reactions are many and the business world continues to shake; however, for the moment, None of the companies involved have informed about the purchase or sale of any of them.

in accordance with blue radiothe sale process of the Éxito group could take 3 years: “What is clear is that for Casino both Éxito and GPA are on the list of assets that can be sold in the next three years within the framework of the plans of the company.”

Meanwhile, Ricardo Bonilla, Minister of Finance, is an issue that must be analyzed by the Superintendence of Industry and Commerce (SIC), an entity that will have to be in charge of evaluating and proposing solutions.

“You cannot break the competition rules and we must prevent monopolies,” he said about the eventual business. However, the Gilinski Business Group does not have businesses in the retail industry and chain stores.

GERALDINE BAJONERO VASQUEZ
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