| Companhia Brasileira De Distribuicao Grupo Pao de Acucar | |||
| Ticker: | CBD | Av. Brigadeiro Luiz Antonio, 3126 | |
| Exchange: | New York Stock Exchange | San Paulo, BRAZL 01402-901 | |
| Industry: | Retail (SIC Code 5411) | ||
| Type of Shares: | American Depositary Receipts | Filing Date: | 5/1/97 | |
| U.S. Shares: | 3,500,000 | Offer Date: | 5/29/97 | |
| Non-U.S. Shares: | 4,000,000 | Filing Price: | $20.13 | |
| Primary Shares: | 7,500,000 | Offer Price: | $20.00 | |
| Secondary Shares: | 0 | Gross Spread: | $0.80 | |
| Offering Amount: | $150,974,994 | Selling: | $0.48 | |
| Expenses: | $1,750,000 | Reallowance: | $0.10 | |
| Shares Out After: | - |
| Manager | Tier | Phone |
| Merrill Lynch & Co. | Lead Manager | (212) 449-4600 |
| Paribas Capital Markets | Co-manager | (212) 841-3050 |
| Issuer's Law Firm: | Shearman & Sterling |
| Bank's Law Firm: | Cleary, Gottlieb, Steen & Hamilton |
| Auditor: | Price Waterhouse |
| Registrar/Transfer Agent: | Bank of New York |
Dollar amounts in U.S. millions except for per share data | |||||
| Full Year Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/96 | 12/31/96 | ||||
| Revenue: | $2,950.70 | Assets: | $1,336.80 | ||
| Net Income: | $98.30 | Curr Assets: | |||
| EPS: | $1.41 | Liabilities: | $823.70 | ||
| Prior EPS: | $0.87 | Curr Liabilities: | |||
| Cash Flow/Oper: | $38.10 | Equity: | $513.10 | ||
| Cash Flow/Fin: | Cash: | ||||
| Cash Flow/Inv: | |||||
| Business Description |
| The company is an owner and operator of grocery and retail stores in Brazil. |
| Use of Proceeds |
| The proceeds from the proposed offering will be applied to the company's capital expansion plan, including opening new stores, remodeling existing stores, increasing warehouse space and distribution efficiency, and acquiring and installing new information technology and inventory management systems. In addition, the company is exploring selected opportunities to acquire lots that would be used to build new stores, and possibly to acquire competitors' stores, if purchases are compatible with the company's strategy for its existing businesses. |