panhia Brasileira de Distribuicao(CBD) - 2023 Q2 - Quarterly Report

Acquisition Offer - The Board of Directors unanimously rejected a non-solicited acquisition offer from Campbelltown Inc. for the total equity interest in Almacenes Éxito S.A., valued at US$ 836 million, as it did not reflect adequate financial reasonability[5]. - The decision to reject the offer was based on advice from legal and financial advisors, emphasizing the best interests of the Company and its shareholders[5]. Equity Interest - The Company holds a 96.52% equity interest in Éxito, which was the subject of the rejected acquisition offer[5].