Edition:
India

Distribuidora Internacional de Alimentacion SA (DIDA.MC)

DIDA.MC on Madrid SE C.A.T.S.

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Latest Key Developments (Source: Significant Developments)

DIA To Transfer Main Business Units To Companies in Luxembourg
Thursday, 26 Dec 2019 

Dec 27 (Reuters) - Distribuidora International de Alimentacion SA ::SAID ON THURSDAY THAT WITH EFFECTS FROM JANUARY 1, 2020 IT WOULD INITIATE A PROCESS TO TRANSFER ITS MAIN BUSINESS UNITS TO CERTAIN SUBSIDIARIES, WHICH WILL BE OWNED BY SEVERAL INTERMEDIATE LUXEMBOURG COMPANIES.THE TRANSFER OF THE THREE MAIN BUSINESS UNITS OF THE COMPANY WILL INCLUDE ALL OF DIA’S ASSETS, LIABILITIES, SHAREHOLDINGS, CONTRACTS AND EMPLOYEES COMPRISING THE RETAIL AND WHOLESALE BUSINESS, THE FOREIGN BUSINESS AND THE CENTRAL SERVICES.A PART OF THE DEBT UNDER THE SYNDICATED FACILITIES WILL BE TRANSFERRED TO CERTAIN SPANISH SUBSIDIARIES OF DIA, WHICH WILL BE OWNED BY INTERMEDIATE LUXEMBOURG COMPANIES.THE SHARES, BANK ACCOUNTS AND RECEIVABLES OF THE DIRECTLY AND INDIRECTLY WHOLLY-OWNED UNITS OF DIA INVOLVED IN THE TRANSACTION WILL BE PLEDGED.  Full Article

DIA Says Subscription Commitment For Up To 5 Bln New Shares Is Executed With LetterOne
Friday, 25 Oct 2019 

Oct 25 (Reuters) - Distribuidora Internacional de Alimentacion SA ::SUBSCRIPTION COMMITMENT FOR UP TO 5.0 BILLION NEW SHARES WAS EXECUTED WITH L1R INVEST1 HOLDINGS, HOLDER OF 69.759% OF SHARE CAPITAL OF THE CO.SPAIN'S REGULATOR APPROVES AND REGISTERS PROSPECTUS OF THE CAPITAL INCREASE.  Full Article

DIA H1 Net Loss Widens To 418.7 Mln Euros YoY
Monday, 16 Sep 2019 

Sept 16 (Reuters) - Distribuidora Internacional de Alimentacion SA ::H1 SALES 3.44 BILLION EUROS VERSUS 3.70 BILLION EUROS YEAR AGO.H1 NET LOSS 418.7 MILLION EUROS VERSUS LOSS 29.5 MILLION EUROS YEAR AGO.H1 NEGATIVE ADJUSTED EBITDA 55.6 MILLION EUROS VERSUS POSITIVE 206.0 MILLION EUROS YEAR AGO.H1 EBITDA 13.5 MILLION EUROS VERSUS 137.7 MILLION EUROS YEAR AGO.SAYS AT YEAR-END TO PREPARE AN UPDATED LONG-TERM BUSINESS PLAN FOR THE COMPANY.NET DEBT AT 2.51 BILLION EUROS AT END-JUNE VERSUS 1.46 BILLION EUROS END-DEC 2018.  Full Article

DIA Publishes Amended And Restated Terms Of Syndicated Facilities Agreements With Lenders
Thursday, 18 Jul 2019 

July 18 (Reuters) - Distribuidora Internacional de Alimentacion SA ::PUBLISHES AMENDED AND RESTATED TERMS OF SYNDICATED FACILITIES AGREEMENTS WITH LENDERS.SAYS TO RECEIVE ON JULY 19 THE REMAINING 306 MILLION EUROS, OUT OF 490 MILLION EUROS REQUIRED TO BE INJECTED INTO CO VIA SHARE CAPITAL INCREASE OR PROFIT PARTICIPATING LOAN.SAYS TO FULLY USE THE 306 MILLION EUROS TO REPAY BONDS MATURING ON JULY 22, 2019.  Full Article

DIA To Extend Longstop Date For Fulfillment Or Waiver Of Conditions Precedent Until July 19
Tuesday, 16 Jul 2019 

July 16 (Reuters) - Distribuidora Internacional de Alimentacion SA ::SAYS TO EXTEND LONGSTOP DATE FOR FULFILLMENT OR WAIVER OF CONDITIONS PRECEDENT UNTIL JULY 19.  Full Article

DIA Says No Lock-Up Agreement With Syndicated Lenders Has Yet Been Reached
Monday, 17 Jun 2019 

June 17 (Reuters) - Distribuidora Internacional de Alimentacion SA ::SAYS NO LOCK-UP AGREEMENT WITH SYNDICATED LENDERS HAS YET BEEN REACHED, NEGOTIATIONS ARE STILL ONGOING.WILL CONTINUE TO WORK WITH LETTERONE AND SYNDICATED LENDERS TOWARDS REACHING AN AGREEMENT AS SOON AS POSSIBLE.SAYS IMPLEMENTATION OF EUR 500 MILLION EQUITY INCREASE APPROVED BY SHAREHOLDERS WILL BECOME EFFECTIVE UPON AGREEMENT BEING REACHED.LETTERONE HAS COMMUNICATED TO DIA THAT IT HAS NOT TERMINATED LOCK-UP AGREEMENT, BUT IT RESERVES RIGHT TO TERMINATE AT ANY TIME.  Full Article

CNMV Not To Initiate Sanctioning Procedures Over Santander Chairman's Tweet Regarding DIA
Friday, 7 Jun 2019 

June 7 (Reuters) - Spanish Market Regulator (CNMV)::SAYS NOT TO INITIATE SANCTIONING PROCEDURES OVER SANTANDER <<>> CHAIRMAN'S TWEET REGARDING DIA <<>>.  Full Article

DIA Names Stephan DuCharme As Chairman, Karl-Heinz Holland As CEO; Renews Board
Tuesday, 21 May 2019 

May 21 (Reuters) - Distribuidora Internacional de Alimentacion SA ::SAID EARLY ON TUESDAY APPOINTS STEPHAN DUCHARME AS CHAIRMAN OF THE BOARD AND KARL-HEINZ HOLLAND AS CEO OF THE COMPANY.APPOINTS STEPHAN DUCHARME, MICHAEL JOSEPH CASEY, SERGIO ANTONIO FERREIRA DIAS AND KARL-HEINZ HOLLAND AS EXTERNAL PROPRIETARY DIRECTORS (AT LETTERONE'S PROPOSAL).NAMES CHRISTIAN COUVREUX AND JOSE WAHNON LEVY AS INDEPENDENT DIRECTORS OF THE COMPANY.ACCEPTS RESIGNATION OF RICHARD GOLDING, MARIANO MARTIN MAMPASO, ANTONIO URCELAY ALONSO, MARIA GARANA CORCES, JULIAN DIAZ GONZALEZ, ANGELA SPINDLER AND BORJA DE LA CIERVA ALVAREZ DE SOTOMAYOR AS DIRECTORS AND MEMBERS OF THE COMMITTEES OF THE BOARD.  Full Article

Santander Has Decided To "Support DIA And Its Employees" - Santander Chairman
Monday, 20 May 2019 

May 20 (Reuters) - Santander Chairman Ana Botin says on Twitter::RUSSIAN FUND BIDDING FOR SPAIN'S DIA HAS AGREED TO WORK ON CHANGING FINANCING TERMS - SANTANDER CHAIRMAN ON TWITTER.CHANGES TO FINANCING TERMS WOULD BE FAIR TREATMENT.SANTANDER HAS DECIDED TO "SUPPORT DIA AND ITS EMPLOYEES" - SANTANDER CHAIRMAN ON TWITTER.  Full Article

Letterone Notifies Deletion Of Minimum Acceptance Level Condition Of Offer For DIA
Monday, 6 May 2019 

May 6 (Reuters) - L1R Invest1 Holdings S.à r.l. (LetterOne)::NOTIFIES DELETION OF MINIMUM ACCEPTANCE LEVEL CONDITION OF OFFER FOR DIA.REQUESTS AUTHORIZATION CONFIRMING THAT OFFER PRICE OF EUR 0.67 PER SHARE IS AN "EQUITABLE PRICE".  Full Article

UPDATE 1-DIA reports smaller net loss for first quarter

MADRID, May 12 Spanish retailer DIA said on Tuesday its net loss narrowed to 143 million euros ($154.48 million) in the first quarter, from a loss of 151 million a year earlier, helped by lower costs.