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Brazil-GPA (Casino) has a stake in Via Varejo

SÃO PAULO, June 15 (Reuters) – Po de Acar Group (GPA)
, the Brazilian controlled food distributor
the French casino, has control of the dealer
of home appliances Via Varejo the businessman
Local Michael Klein and his family for less than
initial estimates, we learned from three informal sources
operation modalities Friday.

The GPA has a 36% stake in the São Paulo Stock Exchange
group of investment funds and vehicles
the Klein family.

Two sources close to the dossier said Michael Klein
acquired some of these securities for a smaller amount
the 500 million reais originally planned. Your family
already owning 25.4% of the Retail Via, Michael Klein becomes the
the first shareholder of Via Varejo, with almost 30%, added
sources, who asked for anonymity.

The remaining part sold by the GPA was purchased by
a group of mutual funds recommended by XP Investments. GPA has
in a stock market document that the entirety of its
interest was R $ 2.3 billion (525 million
million euros), 4.90 reais per share.

The action Via Retail ended the session 4.97 reais, below
of 1.39%.

GPA, number two of the distribution in Brazil and
refocusing on supermarkets, had put up for sale via
Retail, deficit, in 2016.

(Tatiana Bautzer and Carolina Mandl, Marc Angrand for the
French service)

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