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

SAO PAULO, June 15 (Reuters) – Grupo Po de Acar (GPA)
, Brazilian food distributor controlled by
French casino, has control of the distributor
from the Viareo household appliance, the businessman
the local Michael Klein and his family in less than
initial estimates, we learned from three informal sources
the modalities of the operation on Friday.

Success has its 36% stake in the stock market in Sao Paulo
group of assets and investment vehicles owned by
Clay family.

Two sources close to the file say Michael Klein
has acquired some of these securities for a smaller amount
the one of the 500 million realized initially planned. His family
already owning 25.4% of Via Vareho, Michael Klein becomes
the first shareholder of Via Varejo with almost 30%, added
sources that requested anonymity.

The remaining share sold by Success was purchased from
a group of mutual funds recommended by XP Investments. There is a success
in a stock document that all his
the share was 2.3 billion real (525
million euros), 4.90 per acre.

Via Varejo finished the session 4.97 reais, down
from 1.39%.

Success, number two of the distribution in Brazil you are looking for
refocus of supermarkets, put up for sale Via
Vareho, deficit, in 2016.

(Tatiana Bauser and Carolina Mandle, Mark Angran for
French service)

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