French supermarket group Casino to make Exito offer

French supermarket group Casino Guichard said on Tuesday it would exercise an option giving it the right to make an offer to buy more shares in Almacenes Exito, Colombia's largest food retailer. The 24.5 percent Exito stake is being put up for sale by the Toro family, which is in a shareholder pact with Casino and others.

Casino said the offer price would be 13,052 Colombian pesos, or roughly 4.54 euros for each of the 51,250,868 shares held by Toro. If the Toro family accepts the offer, it will be extended to other shareholders, Casino said.

Source: today.reuters.com