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In a securities filing late on Thursday, GPA, controlled by France’s Casino Guichard Perrachon (PA:CASP), said the company is waiting for its former subsidiary Via Varejo SA (SA:VVAR3) to republish its 2017 and 2018 results, applying the International Financial Reporting Standards 16.
GPA sold all its stake in Via Varejo last June, to a group of investors. In the filing, GPA said it was notified on May 18 by the New York Stock Exchange that it was not compliant with the rules for a NYSE listing.
GPA’s American Depositary Receipts will begin trading at the NYSE on May 22 with a warning on late filing.
GPA added it has not yet received consent from Via Varejo for the auditors to review its 2018 and 2017 financial statements applying IFRS 16.
