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Via Varejo SA (VVAR11.SA)

VVAR11.SA on Sao Paulo Stock Exchange

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2:39pm EDT
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Prev Close
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R$ 15.39
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R$ 14.06
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R$ 33.12
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R$ 12.53

Latest Key Developments (Source: Significant Developments)

Casino CFO says group has indicative offers for assets worth 700 mln euros
Thursday, 26 Jul 2018 02:03am EDT 

July 26 (Reuters) - Casino CFO Antoine Giscard d'Estaing tells a conference callpcar::CFO SAYS INDICATIVE OFFERS FOR CASINO ASSETS COVER ASSETS WORTH 700 MILLION EUROS.CFO SAYS ASSETS WORTH 700 MILLION EUROS ARE PROPERTY AND NON STRATEGIC ASSETS, ALSO STILL WORKING ON SALE OF VIA VAREJO IN BRAZIL.  Full Article

Casino CEO confident on 2018 financial goals
Tuesday, 15 May 2018 05:25am EDT 

May 15 (Reuters) - Casino CEO Jean-Charles Naouri tells shareholders::CEO SAYS REITERATES 2018 FINANCIAL GUIDANCE, CONFIDENT CAN DELIVER ON IT IN VIEW OF GOOD Q1 AND CONTINUATION OF GOOD TREND IN Q2..Reiterates prediction of 2018 organic growth above 10 percent in conslidated profit, excluding tax credits, and of organic groth in French operating profit, excluding real estate activities, also above 10 percent.  Full Article

Casino expects "significant" tax credits in Brazil in 2018-CEO
Thursday, 8 Mar 2018 06:26am EST 

March 8 (Reuters) - Casino :CEO Jean-Charles Naouri and CFO Antoine Giscard d'Estaing tel a news conference::CFO SAYS EXPECTS REDUCTION IN 2018 NET DEBT EVEN EXCLUDING VIAVAREJO SALE.CEO SAYS EXPECTS TO HAVE SIGNIFICANT TAX CREDITS IN 2018 IN BRAZIL.  Full Article

Casino "comfortable" with 2018 EBIT of 1.240 bln euros estimates-CFO
Thursday, 8 Mar 2018 06:05am EST 

March 8 (Reuters) - Casino CAP.PA:CFO Antoine Giscard d'Estaing and CEO Jean-Charles Naouri tell a news conference::CFO SAYS EXPECTS SHARP FALL IN 2018 FINANCIAL EXPENSES IN BRAZIL DUE TO LOWER INTEREST RATES.CFO SAYS RESTRUCTURING CHARGES IN FRANCE TO FALL IN 2018 AS GROUP NEARING END OF STORES TRANSFORMATON PROGRAMMES.CEO SAYS AIMS TO OPEN FIRST DELIVERY WAREHOUSE IN FRANCE UNDER OCADO DEAL IN EARLY 2020.CEO SAYS VIAVAREJO SALE PROCESS UNDER WAY BUT COMPANY IN RECOVERY MODE, VIAVAREJO VALUE CAN STILL IMPROVE.CEO SAYS AT THIS STAGE LECLERC'S PLAN FOR A HOME DELIVERY SERVICE IN PARIS IS NOT A THREAT TO MONOPRIX STORES MARGIN.CEO SAYS LECLERC HOME DELIVERY SERVICE FOR PARIS COULD HAVE A 1 PERCENT IMPACT ON MONOPRIX, FRANPRIX REVENUE.CEO SAYS "COMFORTABLE" WITH MARKET CONSENSUS FOR 2018 GROUP EBIT OF 1.240 BILLION EUROS, SAYS FIGURE REPRESENTS A FLOOR.CEO SAYS EXPECTS GEANT HYPERMARKETS TO BE PROFITABLE IN 2018.  Full Article

Casino CFO reiterates 2017 profit growth targets
Thursday, 13 Jul 2017 02:13am EDT 

July 13 (Reuters) - Casino CFO Antoine Giscard d'Estaing tells a conferece call with journalists::Reiterates prediction for growth of at least 10 percent in group 2017 operating profit at current exchange rates.Reiterates forecast to grow 2017 operating profit at food retail operations in France by 15 percent.Says sale process of Via Varejo unit i Brazil continuing, no specific news to report.Sees no change to expansion strategy of Casino's GPA unit in Brazil post IPO of rival Carrefour <<>> in Brazil..  Full Article

Casino keeps 2017 profit growth goals
Tuesday, 18 Apr 2017 02:11am EDT 

April 18 (Reuters) - Casino CFO Antoine Giscard d'Estaing tells a conference call::Still expects 2017 group operating profit growth of at least 10 percent at current exchange rates .Still expects food retail operations operating profit in France to grow by 15 percent in 2017 .Casino says "confident" that 2017 will be "very favourable" for Brazil's Via Varejo unit.Casino CFO says group is "under no pressure" regarding Via Varejo's sale, declines to provide timetable for a sale..  Full Article

Casino says 2017 profit guidance is cautious
Tuesday, 7 Mar 2017 05:55am EST 

Casino Chairman and CEO Jean-Charles Naouri and CFO Antoine Giscard d'Estaing tell a news conference: CEO says expects good comercial trend at Brazil's retailer GPA in 2017 along Q4 2016 trend . CFO says group EBIT growth guidance for 2017 is "cautious" . CEO says group has not yet decided what it will do with the cash raised from Via Varejo unit sale . CFO eyes 2017 capex of a lttle under 1 billion euros . CEO says cash from Via Varejo consumer electronics unit sale could be used to reduce financial expenses or to accelerate Assai cash & Carry stores expansion in Brazil . CFO says goal remains for French geant hypermarkets to break even in 2017 . CEO says group has no plans to launch cash & carry stores in France .CEO says first four weeks of 2017 sho business trends in France close to those of Q4 2016.  Full Article

Brazil's Via Varejo teams up with Santander Brasil's in payment services

SAO PAULO, Sept 24 Brazilian retailer Via Varejo said in a securities filing on Monday that it has partnered with a Santander Brasil subsidiary to offer payment services to third party vendors who sell online via the company's platforms.