Companhia Brasileira De DistribuicaoBMFBOVESPA: PCAR3

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

· Issued by 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 - FILING

  • FIRM HAS AN ONGOING STAFF REDUCTION PROJECT, BUT DENIES IT IS CONSIDERING AT LEAST 250 ADDITIONAL LAYOFFS

  • IN THE CONTEXT OF CURRENT STAFF REDUCTION, ABOUT 730 EMPLOYEES WERE DISMISSED FROM JULY 1ST TO SEPT. 16