Grupo Calleja acquires stake in major Colombian supermarket chain
Supermarket chain Grupo Excito has agreed to sell its shares to Grupo Calleja. / Courtesy El Salvador's Calleja Group, owner of the Super Selectos chain, has agreed to acquire a stake in the Colombian supermarket and hypermarket chain Exito from French conglomerate Casino for more than $1.2 billion.French distribution company… El Salvador's Calleja Group, owner of the Super Selectos chain, has agreed to acquire a stake in the Colombian supermarket and hypermarket chain Exito from French conglomerate Casino for more than $1.2 billion. The agreement envisages the initial transfer of 34.05% of Exito’s capital directly controlled by Casino, with El Salvador” Group acquiring 100% within the framework of a takeover offer (public offering) to be launched in Colombia and the United States. In detail, Grupo Casino will receive $400 million from the Grupo Callejas agreement through a direct split, while Grupo Pao Açúcar will receive$156 million. The takeover proposal requires approval from the Colombian Financial Supervisory Authority (SFC), as well as formal approval before the US stock market authorities. Grupo Éxito is a Colombian supermarket chain with subsidiaries and brands such as Surtimax and Carulla. The casino also owns the Sulti Mayorista store, which is characterized by the sale of fresh produce on a large scale, primarily benefiting businesses, wholesalers and small retailers.
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El Salvador’s Calleja Group, owner of the Super Selectos chain, has agreed to acquire a stake in the Colombian supermarket and hypermarket chain Exito from French conglomerate Casino for more than $1.2 billion.
French distribution company Casino announced on Monday via a statement that its board of directors had approved a previous agreement with Calleja Group to sell its stake in Colombian company Exito.
Éxito is Colombia’s largest supermarket chain, with a presence in Colombia with approximately 390 stores in 175 municipalities.
The principles of the agreement envisage the initial transfer of 34.05% of Exito’s capital directly controlled by Casino, with Calleja acquiring 100% within the framework of a takeover offer (public offering) to be launched in Colombia and the United States. . of Colombian society.
Also part of the commitment is the 13.31% stake in Exito held by Grupo Pao de Azúcar (GPA), the casino’s Brazilian subsidiary designated by the French company.
Calleja’s offer price is $0.9053 per share, valuing 100% of Exito’s outstanding shares at $1,233.7 million. So direct casino participation would cost him $400 million, and participation via GPA would cost him $156 million.
In detail, Grupo Casino will receive $400 million from the Grupo Callejas agreement through a direct split, while Grupo Pao Açúcar will receive $156 million.
International media have noted that the launch of the takeover proposal requires approval from the Colombian Financial Supervisory Authority (SFC), as well as formal approval before the US stock market authorities.
Grupo Éxito is a Colombian supermarket chain with subsidiaries and brands such as Surtimax and Carulla. Since 1999, Grupo Casino acquired his 25% stake in the warehouse.
As such, Grupo Casino is represented in Colombia by Grupo Éxito, and in detail this distribution company is responsible for brands such as Carulla, an upscale supermarket that sells traditional foods, gourmet products and local products .
The casino also owns the Sulti Mayorista store, which is characterized by the sale of fresh produce on a large scale, primarily benefiting businesses, wholesalers and small retailers.
Similarly, there are super inters where high quality and specialized products are sold. Surtimax, on the other hand, is characterized by being a discount chain that offers high-quality and affordable products.
Meanwhile, Calleja Group has more than 70 years of experience in El Salvador and is present in 14 divisions with 7,500 direct employees.
Grupo Éxito has a presence in Colombia with the Éxito, Carulla, Super Inter, Surtimax, Surtimaodorista and Viva brands. The company planned to transfer its shares to Grupo Callejas.
Grupo Éxito is Colombia’s largest supermarket chain and has been the distributor for the country’s Grupo Casino since 1999.
Grupo Éxito began operations in Colombia in 1905 after founding the Colombian supermarket chain Carulla.
In 1949, the first supermarket Éxito, specializing in the sale of textile clothing, opened in Medellin, Colombia.
Groupe Casino announced this week that it will sell its stake in Éxito to Grupo Calleja, a company of El Salvadoran origin.
This year, the Salvadoran supermarket announced the opening of Room 110.
Onderwerpen: Economy