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Why does the Casino want to reduce participation in Assaí with a billion-dollar follow-on

Summary by Bloomberg Línea Brasil
French retail group could raise around US$ 500 million with the transaction; Goldman Sachs expects a reduction from 41% to up to 27% in the shareholding in the Atacarejo network
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Bloomberg Línea BrasilBloomberg Línea Brasil

Why does the Casino want to reduce participation in Assaí with a billion-dollar follow-on

French retail group could raise around US$ 500 million with the transaction; Goldman Sachs expects a reduction from 41% to up to 27% in the shareholding in the Atacarejo network

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Bloomberg Línea Brasil broke the news in on Monday, November 28, 2022.
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