GPA assets’ Reorganization

Machado Meyer and Neves & Battendieri advised Companhia Brasileira de Distribuição (GPA) and Sendas Distribuidora S.A. (Assaí).
Pinheiro Guimarães advised Sendas Distribuidora S.A.
Souza, Mello e Torres and Zancan Advogados advised Groupe Casino on the deal

Companhia Brasileira de Distribuição (GPA), the Brazilian subsidiary of Casino Group, obtained (i) on February 10, 2021, the authorization to list the shares issued by Sendas Distribuidora S.A. (Assaí) on the Novo Mercado segment of the B3 SA – Brasil, Bolsa, Balcão; (ii) and, on February 12, 2021, the authorization to list the American Depositary Securities (ADSs) of Assaí on the New York Stock Exchange. These listings take place in the context of previously announced transactions to reorganize and spin off certain GPA assets. Assaí shares, currently wholly owned by GPA, will be distributed to GPA shareholders at a ratio of one Assaí share for each GPA share. The trading of Assaí shares and ADSs will begin on March 1, 2021.

Following the listing of Assaí, Casino Group, which currently holds a 41.3% stake in GPA, would then hold a 41.3% stake in GPA and an identical stake in Assaí.

Assaí focuses its activities exclusively on Cash and Carry in Brazil, while GPA focuses on other food retail formats through its banners in Brazil and through its Colombian subsidiary, Exito, in which GPA holds a 96.6% stake.

Machado Meyer advised Companhia Brasileira de Distribuição (GPA) and Sendas Distribuidora S.A. (Assaí) with Eliana Helena de Gregório Ambrósio Chimenti (Picture), Alessandra de Souza Pinto, Fernando Tonanni and Manoela Vargas Nunes Dias.

Neves & Battendieri advised Companhia Brasileira de Distribuição (GPA) and Sendas Distribuidora S.A. (Assaí) with fundadores Luiz Frederico Battendieri and Guilherme Neves.

Pinheiro Guimarães advised Sendas Distribuidora S.A. (Assaí).

Souza, Mello e Torres advised the Groupe Casino with Luis Antonio Semeghini de Souza, Carlos José Rolim de Mello, Bruno Sartori de Carvalho Barbosa, Fabricio Antonio Cardim de Almeida, Fernando Pinto Xavier Filho, Pedro Paulo Barbosa and Wilson Min Young Jung.

Zancan Advogados advised Groupe the Casino with  Leandro Luis Zancan, Jarbas Velloso and Marcel Kim Dib.

Involved fees earner: Fernando Pinto Xavier Filho – Cescon, Barrieu, Flesch & Barreto; Eliana Ambrosio Chimenti – Machado Meyer Advogados; Alessandra de Souza Pinto – Machado Meyer Advogados; Carlos José Rolim de Mello – Machado Meyer Advogados; Fernando Tonanni – Machado Meyer Advogados; Manoela Vargas Nunes Dias – Mattos Filho Veiga Filho Marrey Jr & Quiroga; Luiz Frederico Battendieri – Neves & Battendieri ; Guilherme Pereira das Neves – Neves & Battendieri ; Pedro Paulo Barbosa – Souza, Mello e Torres; Fabricio Antonio Cardim de Almeida – Souza, Mello e Torres; Bruno Sartori de Carvalho Barbosa – Souza, Mello e Torres; Luis Antonio Semeghini de Souza – Souza, Mello e Torres; Marcel Kim Dib – Zancan Advogados; Jarbas Velloso – Zancan Advogados; Leandro Zancan – Zancan Advogados;

Law Firms: Cescon, Barrieu, Flesch & Barreto; Machado Meyer Advogados; Mattos Filho Veiga Filho Marrey Jr & Quiroga; Neves & Battendieri ; Souza, Mello e Torres; Zancan Advogados;

Clients: Casino Groupe; Companhia Brasileira de Distribuição; Sendas Distribuidora SA;

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