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    Home > Finance > Exclusive-Brazilian investor Tanure in initial talks with Casino over GPA shares, says source
    Finance

    Exclusive-Brazilian investor Tanure in initial talks with Casino over GPA shares, says source

    Published by Global Banking & Finance Review®

    Posted on December 16, 2024

    2 min read

    Last updated: January 27, 2026

    Image depicting Brazilian investor Nelson Tanure, highlighting his initial talks with Casino regarding the acquisition of GPA shares, a significant move in the finance sector.
    Brazilian investor Nelson Tanure discusses potential acquisition of GPA shares from Casino - Global Banking & Finance Review
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    Quick Summary

    Nelson Tanure is in early discussions with Casino to acquire GPA shares, possibly merging with Dia. GPA shares surged 14% on the news.

    Tanure Engages Casino in Talks Over GPA Share Acquisition

    By Luciana Magalhaes and Paula Laier

    SAO PAULO (Reuters) - Brazilian investor Nelson Tanure has initiated preliminary discussions with French retailer Casino,about buying at least part of its shares in supermarket operator GPA,, according to a source familiar with the matter, potentially adding to a stake amassed by funds allied to Tanure in recent days.

    Tanure, who generally invests in distressed companies, recently agreed to acquire the Brazilian arm of Spanish supermarket chain Dia, which has been through restructuring proceedings.

    Tanure declined to comment, and Casino, which owns a 22.5% stake in GPA, did not immediately respond to requests for comments.

    The source said talks are still "superficial" and involve a demonstration of "intentions".

    Earlier Monday, GPA announced in a regulatory filing that funds managed by Reag Trust Administradora de Recursos acquired a 9.56% stake in GPA, including some operations involving derivatives. These deals were funded by Tanure, the same source indicated. The news sent shares of GPA up 14% in Monday's trading.

    Looking ahead, Tanure is considering proposing a merger between Dia and GPA, contingent on regulatory approval, the source added. Valor Economico newspaper first reported Tanure’s interest in merging the two companies.

    After years of debt-fueled acquisitions, Casino has restructured its operations to avoid bankruptcy. In March, GPA completed a primary offering of new shares, during which Casino relinquished its controlling stake in the firm as part of its strategic withdrawal from Latin America.

    (Reporting by Luciana Magalhaes; editing by Edward Tobin)

    Key Takeaways

    • •Nelson Tanure is in talks with Casino to acquire GPA shares.
    • •Tanure recently acquired the Brazilian arm of Dia.
    • •GPA shares rose 14% following the news.
    • •Tanure may propose a merger between Dia and GPA.
    • •Casino is restructuring and withdrawing from Latin America.

    Frequently Asked Questions about Exclusive-Brazilian investor Tanure in initial talks with Casino over GPA shares, says source

    1What is the main topic?

    The article discusses Nelson Tanure's talks with Casino to acquire shares in GPA and potential merger plans with Dia.

    2Who is Nelson Tanure?

    Nelson Tanure is a Brazilian investor known for investing in distressed companies.

    3What is GPA?

    GPA is a Brazilian supermarket operator in which Casino holds a significant stake.

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