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      "text": "over which it exercises control. However, consolidation does not confer rights to cash flows. Dividends are distributed in proportion to the actual ownership of the business. Casino has an indirect stake in Via Varejo through its 32.73% ownership of common shares of CBD. The non-controlling shareholders of CBD largely own preferred common shares. Preferred common shares are better protected than common shares when it comes to dividend payments, dissolution of the business, and also have withdrawal rights that can force Casino to buy the preferred shares in certain situations. The bar graph below shows the difference between the consolidated EBITDA Casino reports, and what it proportionally owns.",
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