Welcome to our dedicated page for Almacenes Exito SA news (Ticker: EXTO), a resource for investors and traders seeking the latest updates and insights on Almacenes Exito SA stock.
Almacenes Éxito S.A. (EXTO) maintains its position as a leading Latin American retail operator through strategic physical and digital expansion. This news hub provides investors and stakeholders with essential updates on corporate developments, financial performance, and market initiatives.
Access official press releases detailing quarterly earnings, store network growth, and sustainability efforts alongside analysis of strategic partnerships. Our curated collection enables tracking of supply chain innovations and omnichannel retail advancements central to EXTO's operations.
Key updates include leadership changes, product assortment expansions, and technological implementations across Colombia's retail landscape. Bookmark this page for reliable information on EXTO's adaptation to consumer trends and competitive market dynamics.
Almacenes Éxito (NYSE: EXTO) has announced its Board's approval to voluntarily delist its American depositary shares (ADSs) from the NYSE and deregister under the U.S. Securities Exchange Act. The company plans to file Form 25 with the SEC on December 30, 2024, with delisting expected to become effective ten days later. The last trading day on NYSE is expected to be around January 9, 2025.
The decision stems from the company's reduced free float of 13.2% (1.6% in Colombia, 1.6% in US, and 10% in Brazil) and aims to create a more efficient structure by concentrating trading in the Colombian market. The ADS program, managed by JPMorgan, will terminate on January 21st, 2025. The company's common shares will continue trading on the Colombian Stock Exchange (BVC), while alternatives for its Brazilian BDR program are under evaluation.
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