Alessandra Pinto, Eliana Chimenti

Machado Meyer advises GPA on the segregation of Éxito

Machado Meyer Advogados advised on the transaction which Grupo Pão de Açúcar (GPA) announced the segregation of its business and that of Almacenes Éxito, a company based in Colombia.

The transaction, valued at R$7.1 billion, involves a capital reduction of GPA with the delivery to its shareholders of Éxito shares in the form of Brazilian Depositary Receipts listed on B3 and American Depositary Receipts to be listed on the New York Stock Exchange.

Machado Meyer Advogados advised Pão de Açucar and Almanaces Éxito and relied on partners Alessandra de Souza Pinto (pictured left) and Eliana Chimenti (pictured right). Lawyers Renata Augusto Passos.

Brigard Urrutia (Bogotá) advised Almanaces Éxito and relied on partners Sergio Michelsen, Fernando Castillo and Luis Gabriel Morcillo. Associates Gonzalo Orrego, Daniel Estrada and Viviana Araujo.

White & Case LLP also advised the same party.