Sugar loaf puts fuel station network for sale, source says

Pão de Açúcar (PCAR4) put its fuel station network on sale, a source told alongside the issue on Thursday, continuing the group's strategy to focus on food retail. At 4:22 p.m., GPA shares rose about 0.73%, while the Ibovespa had a negative swing of 0.5%. The Brazil Journal published earlier, citing sources with knowledge of the matter, which the GPA put on sale the network of posts, in a transaction that could raise 1 billion reais. GPA representatives declined to comment on the matter to Reuters.