Rallye, the parent company of Casino Guichard Perrachon, said it acquired 3.3 million preferred shares or depository receipts in Companhia Brasileira de Distribuicao Grupo Pao de Acucar, increasing its stake to 45.9%. "This acquisition reaffirms that Rallye is, as well as Casino, confident and committed towards Brazil and GPA (Grupo Pao de Acucar)," Rallye said in a statement.

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