RALLYE : Press release
09/12/2011| 02:05am US/Eastern
Rallye (Paris:RAL) :
Rallye acquired in August 2011 3.3 million preferred shares/ADRs* issued
by Grupo Pão de Açúcar (GPA) and 4 million call options giving it the
right to acquire the same number of ADRs.
As a result of these acquisitions, Rallye (majority shareholder of
Casino) and Casino (number one shareholder of GPA) hold an aggregate
economic participation in GPA (including ordinary shares, preferred
shares and ADRs, and the ADRs underlying call options) amounting to
45.9% of GPA's share capital.
This acquisition reaffirms that Rallye is, as well as Casino, confident
and committed towards Brazil and GPA.
* ADR: American Depositary Receipts listed on the New York Stock
Exchange and representing preferred shares
For more information, please consult the company's website: www.rallye.fr
+33 (0) 1 44 71 13 73
© Business Wire 2011