An announcement from Almacenes Exito SA Sponsored ADR ( (EXTO) ) is now available.
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Almacenes Éxito S.A., a major player in the retail industry, has announced its decision to voluntarily delist its American Depositary Shares (ADSs) from the New York Stock Exchange (NYSE) and deregister its securities under the U.S. Securities Exchange Act of 1934. This strategic move aims to consolidate the company’s stock in its primary market, Colombia, to enhance liquidity and increase shareholder returns. The delisting process is expected to commence with a Form 25 filing on December 30, 2024, becoming effective around January 9, 2025. Post-delisting, the company will continue to trade its common shares on the Colombian Stock Exchange and comply with local regulatory requirements. The decision reflects Éxito’s focus on optimizing its market structure and does not stem from compliance or cost concerns associated with maintaining its NYSE listing.
More about Almacenes Exito SA Sponsored ADR
YTD Price Performance: -46.16%
Average Trading Volume: 33,580
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $622.5M
See more data about EXTO stock on TipRanks’ Stock Analysis page.
