Brazil

At 31 December 2023

Since the beginning of 2023, Casino Group has completed or is in the process of sale proceedings for the following banners and subsidiaries.

GRUPO PAÕ DE AÇÚCAR

GPA is a major player in food retail in Brazil, with the premium supermarket banner Pão de Açúcar. GPA also owns the Minuto Pão de Açúcar and Compre Bem convenience stores, as well as the Mercado Extra regional banner.

On 10 December 2023, GPA initiated preliminary work efforts
towards a potential primary equity offering as part of its plan
to optimise its capital structure.
Following this offering, Casino’s stake in GPA would be dilut.