EXTO

Almacenes Exito S.A. American Depositary Share, each representing eight (8) Common Shares

EXTO

Market cap $586M

Overview Fund Activity

Delisted

EXTO was delisted on the 8th of January, 2025.

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About: Almacenes Exito SA is a Colombian retailer that operates in its homeland and overseas. The company operates under three reportable segments Grupo Exito, Carulla, Low cost, and others in Colombia; Libertad in Argentina; and Disco, Devoto, and Geant chains in Uruguay. Exito has an omnichannel, multiformat, and multibrand model. Its store offerings include groceries and food, clothing, home appliances, oil-based liquid fuels, biofuels, personal care products, and home entertainment electronic and digital products.

Employees: 43,134

Consumer Staples Discount Stores

Financial journalist opinion

Announcement of Intention to Delist American Depositary Shares From the New York Stock Exchange and Subsequent Arrangements

ENVIGADO, Colombia--(BUSINESS WIRE)--Almacenes Éxito S.A. (BVC: EXITO; NYSE: EXTO; B3: EXCO32) ("Éxito" or "the Company") informs its shareholders and the market in general that today its Board of Directors approved the commencement of the process to: (i) voluntarily delist its American depositary shares (“ADSs”), each representing eight common shares of the Company, from the New York Stock Exchange (the “NYSE”); and (ii) deregister the Company's securities under the U.S. Securities Exchange Ac.

Announcement of Intention to Delist American Depositary Shares From the New York Stock Exchange and Subsequent Arrangements

Almacenes Exito: Colombian Grocer At 5x EV/EBITDA, Sharp Discount To Book Value

Exito has become a busted special situation following a recently concluded tender offer. The recent drop has pushed shares down to 5x EV/EBITDA and a large discount to book value. I believe the firm's new owners will be far better stewards of the business and that the company is dramatically underearning today.

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