Overview

• Assaí filed a precautionary action on September 23 seeking to block Casino’s remaining GPA shares or require any sale proceeds to be deposited in court.
• The company also asks the court to compel GPA to provide an acceptable guarantee to cover potential tax debts linked to the group.
• The request follows moves by Receita Federal and the PGFN to assign Assaí joint liability for GPA contingencies, including an administrative responsibility case of about R$36 million.
• Assaí argues the 2020 spin-off assigned each party its own pre-division liabilities, even as Brazilian corporate law allows solidarity up to the assets transferred in a split.
• Casino still holds roughly 22.5% of GPA and has been selling assets after losses in the first half of 2025, and Assaí says there is no operational or financial impact from the measures so far.