Sendas Spin-off (Assaí)

Description about Spin-Off Sendas

On September 9, 2020, GPA announced, by Material Fact, that its Board of Directors approved initiating a study to segregate its cash and carry unit through a partial spin-off of the Company and its wholly owned subsidiary Sendas Distribuidora S.A.

The goal of the transaction is to unleash the full potential of the Company’s cash & carry and traditional retail businesses, allowing them to operate on a standalone basis, with separate management teams, and focusing on their respective businesses models and market opportunities.

On December 14, 2020, the Board of Directors of each of GPA and Sendas approved the proposal for corporate reorganization in order to carry out the segregation of the cash and carry unit (wholesale self-service activity) operated under the brand “Assaí” by Sendas from the traditional retail business developed by GPA.The corporate reorganization proposal will be submitted for approval by GPA’s and Senda’s shareholders at Extraordinary Shareholders’ Meetings of both companies, to be held on December 31, 2020.

Please find below all the documents published by the Company related to the corporate reorganization.

Notice to the Market and Material Fact
Extraordinary General Meeting
Others
Notice to shareholders: The IRS Forms 8937 dated April 16, 2021 and April 28, 2021 previously uploaded to this website with respect to the common shares and common ADSs of Companhia Brasileira de Distribuição (“CBD”) in connection with the distribution of common shares of Sendas Distribuidora S.A. (“Sendas”) to holders of CBD common shares and Sendas ADSs to holders of CBD ADSs have been replaced with and are superseded by the IRS Forms 8937 dated May 03, 2021, included herein.