INSUBCONTINENT EXCLUSIVE:
This leaves little reason to maintain its secondary listing on the New York Stock Exchange (NYSE).On December 19, 2024, the Brazilian retail
giant announced its decision to delist its American Depositary Shares (ADSs) from the NYSE, with the process set to conclude by January 9,
registration with the U.S
Its shares have fallen 59% on B3 this year, reflecting broader economic pressures like rising interest rates and inflation concerns.Despite
its strategy to reduce debt and focus on operational efficiency
By year-end 2024, the company expects its net debt-to-EBITDA ratio to drop below 3.2x.For investors and stakeholders, this shift signals a
