DISTRIBUIDORA INTERNACIONAL DE ALIMENTACION (ES:DIA) has released an update.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Distribuidora Internacional de Alimentación, S.A. (DIA) has announced the completion of the sale of DIA Brasil to Lyra II Fundo, following the fulfillment of a key condition related to obtaining authorization from the financial entities of DIA’s syndicated financing. The transaction leads to a 75 million euro cash outflow and a 101 million euro negative impact on DIA’s consolidated income statement. DIA’s strategic exit from the Brazilian market aims to concentrate efforts on its more profitable markets in Spain and Argentina.
For further insights into ES:DIA stock, check out TipRanks’ Stock Analysis page.