DIA

Markets 12th May 2014

Today’s market chatter in Spain: Itinere, Abengoa, Inditex, and much more

MADRID | By Jaime Santisteban | Spanish Ibex 35 welcomes the week over 10,500 points. “Ukraine showdown and macro numbers will hatch investors’ attention,” Link experts point out. Bankia analysts “see the positive influence of Chinese government statement about share, bond and raw material markets supporting measures. Markets also await remaining corporate results and European countries inflation.” Last week’s Mr Draghi’s words were crucial to stop euro appreciation- the currency is likely to keep going down.

Markets 28th March 2014

Market chatter: Repsol, Gas Natural and much more

MADRID | By Jaime Santisteban | Repsol could sell its 30% participation in Gas Natural before the summer. 20 % of it would go for sovereign wealth funds (yet unidentified) and 10 % through quick placement of shares. RENTA 4 believes the company will monetize the operation if other worthy investment opportunities are identified. SABADELL finds the move logical within negotiations with La Caixa (which controlls 1/3 of Repsol’s capital). ACF highlights that Gas Natural shares are turning out very profitable in dividend for Repsol (4.5%), making this sale not that attractive for that firm.

Companies 22nd April 2013

Yildiz-SOK acquire Dia’s Turkish branch

Spanish company Dia sells its operation in Turkey for 136.5 million euros to be paid in cash.

Companies 29th October 2012

Supermarket chain DIA improves turnover in Spain, Brazil, Argentina

MADRID | DIA registers a turnover of €8.733 billion in the first nine months of the year, a 6.9% increase. Turnover in Spain climbed by 5.7%.

Companies 28th September 2012

DIA expands with €70.5mn acquisition of Schlecker in Spain, Portugal

Spanish DIA, a low-cost food distributor, expands into household and personal care market in Spain and Portugal, where the company sees growth prospects in spite of current economic environment.

Markets, Spanish economy 2nd August 2012

DIA’s turnover rises by 6.9pc with Spain price-driven sales push

MADRID | Supermarket chains serve a few of our basic needs and so the sector is faring better than other industries against the fierce crisis that is lacerating the European economy day in, day out. The same goes for Spain. Distribuidora Internacional de Alimentación DIA, the distribution chain, said Thursday that its sales in Spain had grown by 6 percent during the first half of the year. DIA reported today…

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