Edition:
India

Distribuidora Internacional de Alimentacion SA (DIDA.MC)

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

0.60EUR
24 Apr 2019
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Latest Key Developments (Source: Significant Developments)

DIA's Shares To Be Delisted From Ibex Small Cap On May 2
Friday, 19 Apr 2019 

April 19 (Reuters) - Technical Advisory Committee of IBEX Indices::SAID ON THURSDAY TO REMOVE SHARES OF DISTRIBUIDORA INTERNACIONAL DE ALIMENTACION (DIA) <<>> FROM IBEX SMALL CAP INDEX AS OF MAY 2.DECISION IS DUE TO THE EXTENSION OF ACCEPTANCE PERIOD OF LETTERONE TAKEOVER BID FOR DIA TO APRIL 30.SHARES WERE INITIALLY SCHEDULED TO BE DELISTED FROM IBEX SMALL CAP ON APRIL 24.  Full Article

Acceptance Period For DIA Bid By LetterOne To Start On April 1 - Spanish regulator
Friday, 29 Mar 2019 

March 29 (Reuters) - Spanish regulator (CNMV)::ACCEPTANCE PERIOD FOR DIA <<>> BID BY LETTERONE TO RUN FROM APRIL 1 TO APRIL 23, INCLUSIVE.  Full Article

DIA To Amend and Restate Its 912 Mln Euro Syndicated Facilities Agreement
Tuesday, 19 Mar 2019 

March 19 (Reuters) - Distribuidora Internacional de Alimentacion SA ::ENTERS INTO COMMITMENT LETTER WITH ITS FINANCIAL SYNDICATED LENDERS TO AMEND AND RESTATE ITS CURRENT EUR 912,119,190 SYNDICATED FACILITIES AGREEMENT.TO EXTEND ORDINARY MATURITY OF ALL TRANCHES UNDER EXISTING FACILITIES UNTIL 31 MARCH 2023.PARTIES TO ENTER INTO AMENDMENT AGREEMENT TO EXISTING FACILITIES ONCE SHAREHOLDERS HAVE APPROVED EUR 600 MILLION SHARE CAPITAL INCREASE.CONDITIONS OF DEAL INCLUDE EBITDA EQUAL OR GREATER THAN EUR 174 MILLION IN EACH 12-MONTH PERIOD ENDING ON 31 DEC 2019 AND 30 JUNE 2020.  Full Article

Trade Unions Call For Strike In Work Centers Of DIA
Friday, 8 Mar 2019 

March 8 (Reuters) - Trade Unions::CALL FOR STRIKE IN SOME STORES AND WAREHOUSES OF DIA <<>> ON MARCH 13.CALL FOR PARTIAL STRIKE IN ALL WORK CENTERS OF DIA ON MARCH 20.  Full Article

CNMV Admits Application For Authorisation Of Takeover Bid By LetterOne For DIA
Friday, 8 Mar 2019 

March 8 (Reuters) - Comision Nacional del Mercado de Valores::CNMV ADMITS APPLICATION FOR AUTHORISATION OF TAKEOVER BID BY LETTERONE FOR DIA <<>> - SPAIN'S REGULATOR.  Full Article

DIA Says L1's Proposal Does Not Provide Solutions To Short-Term Challenges
Sunday, 3 Mar 2019 

March 4 (Reuters) - Distribuidora Internacional de Alimentacion SA ::SAID ON SUNDAY LETTERONE'S (L1) PROPOSAL, AS CURRENTLY CONSTRUCTED, DOES NOT PROVIDE EFFECTIVE AND READILY AVAILABLE SOLUTIONS TO SHORT-TERM CHALLENGES DIA IS FACING.IN THE ABSENCE OF ANY SUCH SOLUTION, DIA MIGHT BE FORCED TO FILE FOR DISSOLUTION/INSOLVENCY.SAYS HAS BEEN AND CONTINUES TO BE WILLING TO ENGAGE WITH LETTERONE AND ITS ADVISORS TO REACH VIABLE LONG TERM SOLUTION FOR DIA.RECONFIRMS ITS OUTLOOK FOR 2020-2023.  Full Article

LetterOne Says Brazilian Regulator Authorizes Takeover Bid for DIA
Monday, 25 Feb 2019 

Feb 25 (Reuters) - L1R Invest1 Holdings S.à r.l (LetterOne)::SAYS ADMINISTRATIVE COUNCIL FOR ECONOMIC DEFENSE OF BRAZIL AUTHORIZES CONCENTRATION REGARDING TAKEOVER BID FOR DIA.  Full Article

DIA To Propose Share Capital Increase Of 600 Mln Euros
Sunday, 17 Feb 2019 

Feb 18 (Reuters) - Distribuidora Internacional de Alimentacion SA ::SAID ON SUNDAY, TO PROPOSE SHARE CAPITAL REDUCTION OF 56.0 MLN EUROS BY DECREASING PAR VALUE OF COMPANY’S SHARES BY 0.09 EUROS TO OFFSET LOSSES.TO PROPOSE SHARE CAPITAL INCREASE OF 600 MLN EUROS TO RAISE THE COMPANY’S FUNDS .NEW ORDINARY SHARES TO BE FULLY SUBSCRIBED AND PAID UP BY MEANS OF A CASH CONSIDERATION.TO PROPOSE AUTHORIZING THE BOARD TO COMBINE THE CAPITAL INCREASE WITH ANOTHER ONE, WHICH WOULD RECOGNISE PREFERENTIAL SUBSCRIPTION RIGHTS OF SHAREHOLDERS.  Full Article

DIA FY Adjusted EBITDA Down 32.3 Pct At 337.9 Mln Euros YoY
Friday, 8 Feb 2019 

Feb 8 (Reuters) - Distribuidora Internacional de Alimentacion SA ::IN 2018, GROSS SALES UNDER BANNER FELL BY 14.9% TO 9.39 BILLION EUROS (0.9% DOWN EX-CURRENCY).NET DEBT AMOUNTED TO 1.45 BILLION EUROS BY END-2018, WHICH COMPARES WITH 945 MILLION EUROS IN SAME PERIOD LAST YEAR.ACCORDING TO NEW DEFINITION OF LIKE-FOR-LIKE (LFL) (ADJUSTED BY INFLATION IN ARGENTINA, AMONG OTHERS), LFL WAS -3.6% IN 2018, VERSUS -4.9% IN 2017.NET DEBT TO ADJUSTED EBITDA RATIO AT 3.8X AT END-DECEMBER.FY ADJUSTED EBITDA 385 MILLION EUROS EXCLUDING IAS29 AND THE DISCONTINUATION OF CLAREL.BOARD APPROVED A REFINANCING PLAN THAT INCLUDES A 600 MILLION EURO CAPITAL INCREASE AND DIVESTMENT OF SOME NON-CORE ASSETS.FY ADJUSTED EBITDA 337.9 MILLION EUROS VERSUS 518.5 MILLION EUROS YEAR AGO.DISCONTINUATION OF 'CLAREL' AND 'MAX DESCUENTO' OPERATIONS IMPACT OF EUR 15.7 MILLION ON PROFITS AND EUR 38.0 MILLION DUE TO IMPAIRMENT OF ASSETS.  Full Article

DIA Sees Mid-Single Digit Top-Line Growth In 2020-2023
Friday, 8 Feb 2019 

Feb 8 (Reuters) - Distribuidora Internacional de Alimentacion SA ::SEES 2020-2023 MID-SINGLE DIGIT TOP-LINE GROWTH.SEES EBITDA UPTURN IN 2020 AND HEALTHY GROWTH THEREAFTER.SEES 2020-2023 CAPEX AT 3%-4%.SEES 2019 AS TRANSITION YEAR, TO SHARPEN COMMERCIAL MODEL, PRUDENTLY DEPLOY CAPEX.  Full Article