EXTO
Almacenes Exito S.A. American Depositary Share, each representing eight (8) Common SharesEXTO
EXTO
Delisted
EXTO was delisted on the 8th of January, 2025.
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
Financial journalist opinion
Neutral
Business Wire
4 months ago
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.
Positive
Seeking Alpha
1 year ago
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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