Casino is to extend its reach in Colombia through a deal between its Exito business and local grocery and pharmacy group Caja de Compensación Familiar (Cafam).

Exito will run Cafam’s 38 supermarkets and hypermarkets, while Cafam will operate Exito’s 91 drugstores, giving it a nationwide presence and a total of 150 drugstores.

All of Cafam’s grocery stores will be rebranded to Casino fascias, while the drugstores will operate under the Cafam brand. The agreement, which will initially last for 15 years, will start next year if it gets the approval of Colombia’s antitrust authority.