date:Dec 18, 2013
in the potential acquisition of Grupo El rbol.
Now, these discussions have concluded without any agreement or commitment.
Reportedly, the deal would have been worth around 100 million, excluding debt, and would have made Dia the third largest grocer in Spain, after Mercadona and Carrefour.
According to Espirito Santo Research, such a deal would have enabled Dia to raise its domestic sales and market share by 20%.
At the moment, Dia has over 7000 stores internationally, while Grupo El rbol ha