Dia reduces the Employment Regulation File (ERE)

Dia reduces the Employment Regulation File (ERE)

The supermarket chain Dia has reduced again the Employment Regulation File (ERE), which would now affect 1,337 employees, 35% lower than the 2,064 workers originally planned, according to the unions. Since Fetico and UGT have insisted on “minimize” this figure while waiting for the possible sale of stores and the sub-retirement of its employees with […]

Fridman adds support to overthrow the DIA council

Fridman adds support to overthrow the DIA council

Six days for the shareholders meeting of DIA and Mikhail Fridman who is optimistic that his plan, gets 70% of the remaining capital to 0.67 euros per share, which is equivalent to stay with the supermarket chain for 296 million euros. Financial sources explain that their proposal, which would entail a further extension of 500 […]

Fridman (LetterOne) believes that Dia should open thousands of stores in Brazil

Fridman (LetterOne) believes that Dia should open thousands of stores in Brazil

LetterOne is gaining ground. The investment vehicle of Russian tycoon Mikhail Fridman received on Monday the ‘yes’ of the Brazilian competition authorities to his takeover on Dia. Green traffic light in a country “very relevant” for the company. So much so that, in the eyes of the fund, Dia should open “thousands of stores” in […]

The shareholders’ meeting of Dia will vote on the extension of 500 million Fridman

The shareholders’ meeting of Dia will vote on the extension of 500 million Fridman

LetterOne, a company contracted by Russian investor Mikhail Fridman, has requested that the proposed capital increase of 500 million euros foreseen in its takeover bid be put to the vote at the shareholders’ meeting of Dia. Dia announced, through a statement sent to the National Securities Market Commission (CNMV), LetterOne has requested that this vote […]

Fridman looks for allies in DIA to renegotiate the debt with the bank

Fridman looks for allies in DIA to renegotiate the debt with the bank

First shareholder of DIA with 29% of the capital and investment arm of Russian tycoon Mikhail Fridman has proposed to the board of the company go hand in hand and join the negotiations that the company has with the creditor bank. Although in the market it is assumed that the firm will end up raising […]

Carrefour would think about launching a takeover bid on Spanish DIA

Carrefour would think about launching a takeover bid on Spanish DIA

Carrefour retail group plans to launch a takeover bid for all or part of the Spanish supermarket chain DIA, according to sources reported by the business daily Madrid Expansion. Contacted by the agency Agefi-Dow Jones, a spokesman for Carrefour recalls that the group “is not used to comment on rumors.” In the midst of deep […]

Mercadona reinforces its leadership and Dia loses market share in Spain

Mercadona reinforces its leadership and Dia loses market share in Spain

Mercadona reinforces its leadership at the forefront of Spanish distribution, after reaching almost 25% of the market in 2018, which means gaining 0.8 percentage points more, due to the push of Lidl and regional supermarkets, while Dia loses 0 , 7% points although it remains in the third place, according to the report Balanc of […]

Dia removes up to 2100 of its staff

Dia removes up to 2100 of its staff

The losses are heavy. The Spanish retail group Dia announced Friday that it has lost 352.5 million euros in 2018, when its largest shareholder, Russian magnate Mikhail Fridman, decided to take control of it to try to get the company out of risk. This result is much worse than the analysts stated, who expected an […]