date:Dec 17, 2013
100 million euros ($137 million), excluding debt.
In a regulatory filing on Monday, Dia confirmed initial talks to acquire El Arbol as part of its strategy to seek growth opportunities, but gave no financial details, saying only that no agreement had yet been reached.
(This is) potentially positive for Dia if it manages to increase its scale in Spain at an attractive valuation, Espirito Santo Research said in a note to clients.
Shares in Dia climbed 3.4 percent to 6.35 euros by 1140 GMT, maki