GPA shareholders back Tanure's bid to replace board
01/04/2025 23:30
SAO PAULO, April 1 (Reuters) - Brazilian retailer GPA's PCAR3.SA shareholders Casino CASP.PA and Ronaldo Iabrudi support the proposal presented by investment fund Saint German to remove the current board of directors and elect new members, GPA said on Tuesday. Saint German, which is controlled by Brazilian investor Nelson Tanure, asked on Sunday for a general meeting to establish a nine-member board, including three representatives appointed by Tanure. The Brazilian retailer has agreed to call the meeting. (Reporting by Andre Romani; Editing by Brendan O'Boyle) ((Andre.Romani@thomsonreuters.com; 11 991314109;11 56447500;))