Sendas Distribuidora Addresses Tax Liability Notice

Sendas Distribuidora (ASAI) has released an update.

Sendas Distribuidora S.A., also known as Assaí, has notified shareholders of a Notice of Listing of Assets by the Brazilian Federal Revenue Service related to R$1.265 billion in tax liabilities disputed by its former parent company, Grupo Pão de Açúcar (GPA), prior to their 2020 spin-off. Assaí intends to appeal the notice and defend against the tax liability, emphasizing that GPA is responsible for any liabilities incurred before the spin-off. The company reassures that it will keep shareholders informed of any significant developments regarding this issue.

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