With the sale of gas stations, Grupo Pão de Açúcar would reduce debt after purchase of Éxito

With the sale of its network of gas stations coupled to its stores, the GPA seeks to gain momentum to deleverify after spending R$ 9.5 billion by the Colombian supermarket chain Éxito. The sale of the posts could generate r$ 1 billion for the GPA. Bradesco BBI was hired as a financial advisor to seek interested in the asset, according to sources. "With this sale it deleveraging and can invest in its core, which is the supermarket segment," said a source on condition of anonymity. The GPA announced at the end of last year a process of migrating flags from its supermarket brands, as well as the opening of new stores, organically. For the group's pharmacies, the strategy should be the same, but so far no bank has been hired, according to sources. Last year, in its strategy of focusing on the food segment, gpa sold its stake in Via Varejo, owner of the brands Casas Bahia and Ponto Frio.