This week we said goodbye to Abilio Diniz, who with his bold vision and determination, forever marked the Brazilian business landscape, becoming one of our country's most influential leaders.

At the helm of Grupo Pão de Açúcar, Abilio led Brazil's first sector consolidation movement through more than 20 M&A transactions, boosting competitiveness and innovation across the retail market.

From his first steps to his most recent milestones, he embodied the audacity and vision so necessary in our ever-changing world. His contribution to the retail sector and the Brazilian economy as a whole will be remembered for years to come.

We pay tribute to Abilio by highlighting the M&A trajectory of the Pão de Açúcar Group.