Is Colombia’s largest supermarket chain covering up police atrocities?
Authorities are reluctant to investigate evidence indicating that Cali police and Colombia’s...
Tag: Exito
Colombia’s Exito 2011 net profit up 53% on year to COP389.5B
Almacenes Exito SA (EXITO.BO) posted a net profit of 389.5 billion Colombian pesos ($219 million) last year, a 53% increase from 2010, Colombia’s largest retailer said in a statement Tuesday. Operating revenue reached...
Colombian share deals biggest in South America in 2nd half of 2011
Colombian companies negotiated share deals worth $4.4 billion in the final six months of 2011, more than any other South American country. Grupo de Inversiones Suramericana offered $1.8 billion in order to finance the purchase...
Exito 3Q net profit up 59% on year to COP58.76B
Colombia’s largest retailer Almacenes Exito SA posted a net profit of 58.76 billion Colombian pesos ($31 million) during the third quarter, a 59% increase from the same quarter of 2010, the company said in a statement....
Exito says share sale successful
Colombian supermarket chain Almacenes Exito S.A. announced Tuesday its shares were oversubscribed by 172% in its share offering which ended September 23, according to a company press release. The share sale raised $1.33 billion,...
Exito share sale seen successful despite turbulence
Almacenes Exito, Colombia’s largest retailer, is pushing ahead with a $1.4 billion share offering, with the company expected to sell the full amount despite ongoing turbulence in the markets. The company is moving forward...
Almacenes Exito starts $1.4B stock sale
Colombian supermarket giant Almacenes Exito launched a $1.4 billion share sale Monday to finance expansion in the Uruguayan market. The public offering begins Monday and will end September 23. In a company press release Exito...
Stock prices of Colombia’s largest companies down
The stock prices of Colombia’s largest companies fell Monday due to the issuance of new shares and declining oil prices. Stocks in Exito, a superstore retailer and Colombia’s largest publicly traded company fell 2.2%...
Exito shareholders OK plan to buy Uruguayan grocers
Shareholders of Colombia’s largest retailer, Almacenes Exito SA, on Wednesday approved a plan by the board of directors to purchase two supermarket chains in Uruguay for $746 million. In a statement, Exito also said its...
Colombia Exito shares fall 6.9% on issue plan
Shares of Colombia’s No. 1 retail chain, Almacenes Exito fell nearly 7 percent on Thursday after the company said it was weighing issuing new shares to finance expansion plans. Exito’s board said late on Wednesday...
Exito to see strong retail sales in 2011: Operating chief
Colombia’s largest retailer, Almacenes Exito SA, expects strong domestic consumption and retail sales to continue this year, its chief operating officer Carlos Giraldo said Wednesday. “We are positive toward consumer...
