Brazil's GPA jump amid reports about Casino's stake in the company
09/09/2025 18:47
Sept 9 (Reuters) - ** Shares in Brazilian food retailer GPA PCAR3.SA jump amid reports about the potential sale of French group Casino's CASP.PA stake in the company ** A report from Brazil's Veja maganize said on Monday that Casino CEO Philippe Palazzi is traveling to Brazil next week to discuss the firm's stake in GPA with potential buyers ** Casino holds up to 22.5% of all GPA's ordinary shares ** GPA has been in the spotlight lately since it announced an extraordinary shareholders meeting on October 6 to vote the dismissal of its board ** GPA rises 10.3% in midday trading, making it the top gainer on Brazil's benchmark stock index Bovespa .BVSP, which is stable ** Year-to-date, GPA is up more than 70% (Reporting by Fernando Cardoso) ((fernando.cardoso@thomsonreuters.com;))