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    ASAI3   BRASAIACNOR0

SENDAS DISTRIBUIDORA S.A.

(ASAI3)
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Delayed Bolsa de Valores de Sao Paulo  -  04:12:35 2023-03-21 pm EDT
16.13 BRL   +0.50%
05:51pSendas Distribuidora S A : Institutional Presentation - March/23
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09:21aSendas Distribuidora S A : INCORPORATION BY REFERENCE - Form 6-K
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03/17Sendas Distribuidora S A : Fato Relevante
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Casino raises $769.85 million with Assai sale stake in Brazil

03/17/2023 | 03:20am EDT
Logo of Casino in Nantes

PARIS (Reuters) - French food retailer Casino said on Friday it had raised 723.2 million euros ($769.85 million) with the sale of another stake in its Brazilian cash-and-carry unit Assai as it pushes ahead with plans to reduce its debt wall.

Casino sold 254 million Assai shares or 18.8% of Assai's capital at 16 Brazilian reais each for a total amount of 4.064 billion reais (723.2 million euros), the statement said.

The transaction is expected to close on March 21.

After the sale Casino will retain 11.7% in Assai and will no longer control the company.

Casino also controls Brazilian company Grupo Pao de Acucar and said earlier this month that it would continue selling assets in Latin America this year.

($1 = 0.9394 euros)

(Reporting by Dominique Vidalon, Editing by Benoit Van Overstraeten)


ę Reuters 2023
Stocks mentioned in the article
ChangeLast1st jan.
CASINO, GUICHARD-PERRACHON SA 0.53% 7.535 Real-time Quote.-22.80%
EURO / BRAZILIAN REAL (EUR/BRL) -0.03% 5.6365 Delayed Quote.-0.61%
SENDAS DISTRIBUIDORA S.A. 0.50% 16.13 Delayed Quote.-17.57%
All news about SENDAS DISTRIBUIDORA S.A.
05:51pSendas Distribuidora S A : Institutional Presentation - March/23
PU
09:21aSendas Distribuidora S A : INCORPORATION BY REFERENCE - Form 6-K
PU
03/17Sendas Distribuidora S A : Fato Relevante
PU
03/17Sendas Distribuidora S A : ANNOUNCES THE PRICING OF THE PUBLIC OFFERING OF COMMON SHARES B..
PU
03/17Casino raises $769.85 million with Assai sale stake in Brazil
RE
03/14Sendas Distribuidora S A : MINUTES TO THE MEETING OF THE BOARD OF DIRECTORS HELD ON MARCH ..
PU
03/14Sendas Distribuidora S A : ANNOUNCES PUBLIC OFFERING OF COMMON SHARES BY THE CASINO GROUP ..
PU
03/14Retailer Casino launches sale of part of stake in Brazilian company Assai
RE
03/13Sendas Distribuidora S A : Conselho de Administração - Ata
PU
03/07Sendas Distribuidora S A : Fato Relevante
PU
More news
Financials
Sales 2023 78 058 M 14 892 M 14 892 M
Net income 2023 1 443 M 275 M 275 M
Net Debt 2023 14 712 M 2 807 M 2 807 M
P/E ratio 2023 14,7x
Yield 2023 1,25%
Capitalization 21 763 M 4 152 M 4 152 M
EV / Sales 2023 0,47x
EV / Sales 2024 0,42x
Nbr of Employees 76 000
Free-Float 59,0%
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Technical analysis trends SENDAS DISTRIBUIDORA S.A.
Short TermMid-TermLong Term
TrendsBearishBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 13
Last Close Price 16,05 BRL
Average target price 23,92 BRL
Spread / Average Target 49,1%
EPS Revisions
Managers and Directors
Belmiro de Figueiredo Gomes Chief Executive Officer & Director
Daniela Sabbag Papa Chief Financial & Administrative Officer
Jean-Charles Henri Naouri Chairman
Anderson Barres Castilho Vice President-Operations
Luiz Nelson Guedes de Carvalho Independent Director
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