Casino asks Brazil's GPA to start talks for sale of CNova stake

Cnova NV

08/09/2023 12:34

SAO PAULO, Sept 8 (Reuters) - Brazilian retailer GPA
 PCAR3.SA  said on Friday its French controller Casino  CASP.PA 
has proposed opening negotiations for the sale of GPA's 34%
stake in e-commerce company CNova.
    GPA said in a securities filing its board of directors
received Casino's proposal and decided to form an independent
committee to analyze it. Casino itself holds a 64.8% stake in
CNova.

 (Reporting by Gabriel Araujo; Editing by Kylie Madry)
 ((Gabriel.Araujo2@thomsonreuters.com; +55 11 5047-3352;))