(Corrrects first paragraph to insert dropped word “no,” making clear GPA says Casino has no plans to delist GPA)
SAO PAULO, June 20 (Reuters) - GPA SA, Brazil’s largest diversified retailer, said on Monday that controlling shareholder Casino Guichard Perrachon & Cie has no plans to delist the company in Brazil or carry out a reorganization of the business.
Newspaper O Estado de S. Paulo, citing unnamed sources, said France’s Casino is considering taking GPA private. In a securities filing, GPA said the only plan to restructure existing business in Brazil is the ongoing merger of e-commerce unit Cnova NV into appliance retailer Via Varejo SA - which was made public in recent weeks. (Reporting by Guillermo Parra-Bernal; Editing by Cynthia Osterman)