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The latest announcement is out from DISTRIBUIDORA INTERNACIONAL DE ALIMENTACION ( (ES:DIA) ).
Distribuidora Internacional de Alimentación, S.A. has announced that its Extraordinary General Shareholders’ Meeting has approved a Reverse Split and a Capital Reduction. The Reverse Split involves exchanging every 1,000 old shares for one new share, raising the nominal share value from 0.01 euros to 10 euros, while the Capital Reduction involves the amortization of 79 treasury shares. These changes are intended to streamline the company’s capital structure without affecting the overall share capital amount.
More about DISTRIBUIDORA INTERNACIONAL DE ALIMENTACION
YTD Price Performance: -10.0%
Average Trading Volume: 803,055
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €1.07B
For detailed information about DIA stock, go to TipRanks’ Stock Analysis page.