Almacenes Exito SA Sponsored ADR (EXTO) has released an update.
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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