Colombia’s Exito Plans NY Private Placement

Colombia’s largest retailer, Almacenes Exito, is planning a private placement of its shares via the New York Stock Exchange, according to a filing with the securities regulator. Exito will sell ADRs to a group of investors that includes French retailer Casino Guichard Perrachon, which controls Exito, and Colombian pension funds, among others. Exito did not give details of the amount of the share sale or the timing of the transaction.