Assaí has confirmed a share price of BRL 19.00 in a secondary share offering (the “subsequent”) for a total transaction value of BRL 2,675,200,000.00, as anticipated by Broadcast.
A limited-effort offer was made to sell a stake in its controller, the French group Casino. The base lot sold 140,800,000 ordinary shares. An additional batch of 49,500,000 pieces was not sold.
In a material fact filed with the Securities and Exchange Commission (CVM), the company notes that, since the distribution is purely secondary, there was no increase in the company’s authorized capital in connection with the offer.
Shares in the Brazilian offering will trade on B3 from December 1, 2022 physically settled and
shares in the global offering, including shares purchased in the form of ADSs, on 2 December.
Source: Istoe Dinheiro
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