Casino Unveils Expansion Plans On Upping Exito Stake

French retail major Groupe Casino has followed the acquisition of an additional 21.9% stake in leading Colombian mass grocery retailer (MGR) Almacenes Exito with the announcement of an ambitious US$1bn two-to-three year investment plan. BMI believes that in acquiring more of Exito, Casino has pulled off something of a coup in a region dominated by rival multinationals Carrefour and Wal-Mart, and that it is now keen to enhance its dominance in the key Colombian

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