Casas Bahia and GPA settle 2009 association dispute; GPA waives R$700M claim

Brazilian retailers Casas Bahia and GPA reached a settlement ending their long-running dispute over a 2009 association. GPA will waive roughly R$700 million in receivables, while Casas Bahia assumes about R$424 million in tax liabilities. The agreement removes legal and financial uncertainty for both companies, though the net financial impact on each remains to be quantified.

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