Brazil unit of France's Casino to buy Colombian subsidiary in restructure
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BRASILIA (Reuters) - French retailing group Casino plans to restructure its Latin America business with its Brazil subsidiary retailer GPA to buy all shares in Colombian unit Almacenes Exito SA, GPA said in a securities filing on Wednesday.Under the restructuring plan, GPA would use cash to acquire all shares in Almacenes Exito with a potential purchase price of 16,000 to 18,000 Colombian pesos per share ($5.03 to $5.66 per share). Casino would acquire all controlling shares in GPA indirectly..