Casino - comment

Very disappointing Kantar numbers for Casino were released yesterday showing their market share falling across all brands and especially in Hyper and supermarket stores.  There are rumours that these volume declines is now impacting suppliers.  Are suppliers happy to wait until the potential merger with Teract is consummated?

Separately, GPA continue the process of splitting Exito away from GPA, with the Brazilian Securities Exchange giving approval for the listing of the shares. The process is on track and the new Exito shares are expected to become tradable in late Q2, as planned.