Thursday, December 08, 2022

Grupo xito will initiate the process of listing the shares in the Brazilian and US markets.

Authorization was given to the administration by the board of directors today success group to apply to Brazilian deposits; Which will bring more liquidity to the company, benefit the shareholders and open the gateway to the Brazilian stock market.

with this decision success It has become the first company to participate in the United States and Brazil markets. The floating capital that can be traded on the stock market will increase from approximately 3% to 53% as a result of the delivery of shares. GPA (Grupo Pão de Açúcar) in its current shareholding base, thus . has a direct participation GPA It will be 13% and the casino 34%.

The Colombian company fulfills its objective of “nurturing opportunities in Colombia”, maintaining high standards to its shareholders and executing its strategy of expansion and commercial innovation, its commitment to internationalization and providing greater returns to its shareholders confirms.

Charles Mario GiraldoPresident of success group“We will continue to strengthen innovation across formats Success Wow, Kairula Freshmarket, Surtimayorista and in the Live Shopping Center, Thus, for example, Viva Envigado, adding 20,000 m2 of its expansion, will become the largest shopping center in Colombia in a leased commercial area that will reach 125,000 m2, including the new IKEA store and Viva Park, its amusement park. Includes extension. Similarly, we will continue to invest in e-commerce, logistics and technology assets to leverage Omnichannel.”

Therefore, this year’s investment is estimated to be around $500 billion pesos and a similar or increasing figure is expected for 2023. eventually, success Will become one of the companies with the highest percentage of free float on the Colombian Stock Exchange.

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