Why Colombian Stock Almacenes Exito Just Rocketed 32%

Shares of Colombian retailer Almacenes Exito SA (NYSE: EXTO) surged 32.5% through 11 a.m. ET on Monday after Reuters reported that its parent company, French supermarket chain Casino, is selling its stake to yet a third retail company -- El Salvador's Grupo Calleja.  

And to make this story even more complicated and less intelligible to investors, according to S&P Global Market Intelligence, Grupo Calleja has an entirely different corporate name -- "Super Selectos El Salvador."

So what's really going on?

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Source Fool.com