GPA says its governance bodies have not carried studies for private capital increase

About this update from Companhia Brasileira De Distribuicao

Companhia Brasileira de Distribuicao SA BMFBOVESPA:PCAR3:SAYS ITS GOVERNANCE BODIES HAVE NEITHER APPROVED OR CARRIED STUDIES FOR PRIVATE CAPITAL INCREASE - FILINGFIRM HAS AN ONGOING STAFF REDUCTION PROJECT, BUT DENIES IT IS CONSIDERING AT LEAST 250 ADDITIONAL LAYOFFSIN THE CONTEXT OF CURRENT STAFF REDUCTION, ABOUT 730 EMPLOYEES WERE DISMISSED FROM JULY 1ST TO SEPT. 16

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