Almacenes Exito SA Sponsored ADR (EXTO) has released an update.
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Almacenes Éxito S.A. has announced that its controlling entity, Cama Commercial Group Corp, has canceled its American Depositary Receipts, consolidating 849 million ordinary shares and boosting its control to 86.84% of Éxito’s capital. This move follows a successful tender offer in the U.S., reinforcing Cama’s dominant stake in the company. Investors and market participants may find this consolidation indicative of Cama’s strategic direction and commitment to Éxito.
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