supermarket DIA falling apart

Letterone launches a bid for DIA at 0.67 €/share: shares rise 60%

The supermarket chain DIA falling apart

The bad spell began in the middle of October with a profit warning for 2018 and has finished this week with the announcement of its exit from the Ibex35 at the end of the month. Between one event and the other, the company has suspended its dividend for 2019, has reorganised its leadership team, has been downgraded by Moody´s and S&P and has considered closing unprofitable stores in Spain.