date:Jun 24, 2014
Carrefour has signed a deal to acquire the French unit of supermarket chain DIA.
Carrefour will take over the Spanish retailers 800 stores in the country.
Dias French operations are valued at around 600 million.
Carrefour spun off hard discounter Dia three year ago.
The move will strengthen the French retailer as it works to build market share over key competitors Casino and LeClerc.
Industry analysts believe Carrefour may look to close some of Dias underperforming stores in the country.
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