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The CNMC gives the green light to the sale of up to 235 DIA supermarkets to Alcampo

Date: December 4, 2023 Time: 13:21:45

The sale of 235 supermarkets from the DIA firm to Alcampo has been closed for 267 million euros and has been completed this Thursday after the end of the precautionary suspensions such as the concentration control authorization that has been carried out by the National Markets Commission and Competition (CNMC).

This has been communicated by the company to the National Securities Market Commission (CNMV), which has also been informed that DIA has obtained authorization from the financial entities of the company’s syndicated financing to carry out the operation and the transferability of a certain number of variable stores depending on various parameters.

The agreement was reached last August and involves 235 medium-sized supermarkets in eight autonomous communities -Madrid, Aragón, Asturias, Castilla y León, Galicia, Cantabria, Navarra and the Basque Country- and two logistics warehouses in Valladolid. From now on, the closing of the operation will be carried out through successive deliveries of batches of establishments that are expected to take place over the next few months in accordance with the delivery schedule agreed upon by the parties, the entity wanted to explain. it’s a statement.

unknown costs

DIA has indicated that it will inform in due course the final price of the operation, as well as the destination of the funds, it added. The company has explained on several occasions since the operation was disclosed that these establishments do not fit with its strategy focused on local establishments and what is known as neighborhood stores.

The DIA food group -which maintains some 5,700 stores and operates in Spain, Portugal, Brazil and Argentina- closed the year 2022 with losses of 124 million, a figure that represents a reduction of 51.9% compared to the records for the year former.

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Puck Henry
Puck Henry
Puck Henry is an editor for ePrimefeed covering all types of news.

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