On December 13, 2024, Grupo Pão de Açúcar (GPA) shares soared 8.41% to R$2.45 by midday. This followed an 11% drop the previous day. The catalyst was speculation about a merger with Dia, a supermarket chain under judicial recovery. Investor Nelson Tanure, who recently took control of Dia, is considering a business combination with GPA. […]
