Pão de Açúcar shareholders approve capital increase – 01/22/2024 – Panel SA
[ad_1]
The General Shareholders’ Meeting of Pão de Açúcar approved, this Monday (22), the capital increase in the company, which should lead to the dilution of the current controllers, the French group Casino.
With this decision, the board of directors will be able to make a public offering of up to 800 million shares with voting rights and raise up to R$1 billion.
Last week, the retail group’s shares registered a significant increase in the wake of rumors that this movement would occur.
The expectation of investors is that, without control of Casino, the company will be freer to use its results in its own operation.
In the opinion of analysts, today Pão de Açúcar helps Casino reduce its debt in France.
With Diego Felix
LINK PRESENT: Did you like this text? Subscribers can access five free accesses from any link per day. Just click the blue F below.
your subscription could be worth even more
Do you already know the advantages of being a Folha subscriber? In addition to having access to reports and columns, you have exclusive newsletters (find out here). You can also download our free app from the Apple Store or Google Play to receive alerts for the day’s top news. Your subscription helps us provide independent, quality journalism. Thanks!
your subscription is worth a lot
More than 180 reports and analyzes published every day. A team with more than 200 columnists and bloggers. Professional journalism that monitors public authorities, conveys useful and inspiring news, counteracts the intolerance of social media and draws a clear line between truth and lies. How much does it cost to help produce this content?
SUBSCRIBE FOR R$ 1.90 IN THE 1ST MONTH
[ad_2]
Source link
:strip_icc()/s02.video.glbimg.com/x720/12519489.jpg)
