Edition:
India

Distribuidora Internacional de Alimentacion SA (DIDA.MC)

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

0.52EUR
20 Sep 2019
Change (% chg)

€0.03 (+5.62%)
Prev Close
€0.49
Open
€0.48
Day's High
€0.52
Day's Low
€0.44
Volume
3,316,502
Avg. Vol
777,374
52-wk High
€2.07
52-wk Low
€0.33

Latest Key Developments (Source: Significant Developments)

DIA Calls An Extraordinary General Meeting To Approve A Capital Increase Of 605 Mln Euros
Friday, 20 Sep 2019 

Sept 20 (Reuters) - Distribuidora Internacional de Alimentacion SA ::CALLS AN EXTRAORDINARY GENERAL MEETING TO APPROVE A CAPITAL INCREASE OF EUR 605 MILLION.SAYS PRICE PER SHARE OF THE CAPITAL INCREASE WILL BE 0.10 EUROS PER SHARE.EXTRAORDINARY GENERAL MEETING WILL BE HELD ON 22 OCTOBER.CAPITAL INCREASE TO FURTHER STRENGTHEN THE BALANCE SHEET AND ENABLE TO MEET THE COMMITMENTS MADE.ISSUANCE WILL BE MADE IN TWO TRANCHES 1) CREDIT COMPENSATION AND 2) CASH CONTRIBUTIONS WITH PREFERENTIAL SUBSCRIPTION RIGHTS.CAPITAL INCREASE WILL HAVE THE COMMITMENT OF ASSURANCE OF UP TO 500 MILLION EUROS OF THE MAJORITY SHAREHOLDER.TO PROPOSE SHARE CAPITAL REDUCTION, TO LOWER NOMINAL VALUE OF SHARES BY EUR 0.09, TO LEAVE IT AT EUR 0.01 PER SHARE.  Full Article

DIA Decides That Clarel Brand Will Remain Part Of The Group
Friday, 6 Sep 2019 

Sept 6 (Reuters) - Distribuidora Internacional de Alimentacion SA ::DECIDES THAT CLAREL BRAND WILL REMAIN PART OF THE GROUP.WILL PROVIDE CLAREL WITH COMPLETELY INDEPENDENT STRUCTURE AND HAS APPOINTED PAUL BERG AS CEO OF CLAREL.  Full Article

Letterone Bid For DIA Accepted By 57.41% Of Shares - CNMV
Friday, 17 May 2019 

May 17 (Reuters) - Comision Nacional Del Mercado De Valores (CNMV)::LETTERONE BID FOR DIA <<>> ACCEPTED BY 57.41% OF SHARES TO WHICH BID WAS ADDRESSED AND 40.76% OF SHARE CAPITAL OF OFFEREE COMPANY .  Full Article

Letterone Bid For Dia Accepted By 29.36% Of Dia's Share Capital
Friday, 17 May 2019 

May 17 (Reuters) - L1R Invest1 Holdings S.à r.l. ::LETTERONE INFORMS ABOUT DECLARATIONS OF ACCEPTANCE RECEIVED AND THE REFINANCING OF DEBT OF DIA.LETTERONE BID FOR DIA <<>> ACCEPTED BY 29.36% OF DIA’S SHARE CAPITAL, WHICH TOGETHER WITH SHARES ALREADY OWNED BY LETTERONE REPRESENT 58.36% OF ISSUED SHARE CAPITAL OF DIA.LETTERONE COMMITTED TO SUBSCRIBE ITS PRO-RATA SHARE AND TO UNDERWRITE CAPITAL INCREASE OF €500M TO ACHIEVE VIABLE LONG-TERM CAPITAL STRUCTURE FOR DIA.LETTERONE REACHED AGREEMENT WITH 16 OF 17 EXISTING SYNDICATED LENDERS OF THE COMPANY, REPRESENTING 77.5% OF THE SYNDICATED FACILITIES.  Full Article

DIA Q1 Net Loss Widens To 144.4 Mln Euros YoY
Tuesday, 14 May 2019 

May 14 (Reuters) - Distribuidora Internacional de Alimentacion SA ::Q1 NET LOSS 144.4 MILLION EUROS VERSUS LOSS 16.2 MILLION EUROS YEAR AGO.Q1 NET SALES 1.66 BILLION EUROS VERSUS 1.79 BILLION EUROS YEAR AGO.Q1 EBITDA 12.4 MILLION EUROS VERSUS 55.5 MILLION EUROS YEAR AGO.Q1 2019 GROSS SALES UNDER BANNER FELL BY 14% TO 2.03 BILLION EUROS.Q1 COMPARABLE (LIKE-FOR-LIKE) SALES GROWTH WAS -4.3% FOR THE GROUP COMPARED TO -3.8% IN Q1 2018.NET FINANCIAL DEBT OF 1.70 BILLION EUROS BY END-MARCH 2019, WHICH REPRESENTS INCREASE OF 251 MILLION EUROS VERSUS 2018 YEAR-END FIGURES.Q1 OPERATING INCOME (EBIT) LOSS OF 119.9 MILLION EUROS VERSUS LOSS 6.1 MILLION EUROS YEAR AGO.  Full Article

DIA Board Expresses Favourable Opinion In Respect Of Amended Offer By LetterOne
Wednesday, 8 May 2019 

May 8 (Reuters) - Distribuidora Internacional de Alimentacion SA ::SAYS BOARD APPROVES REPORT IN RELATION TO AMENDED OFFER LAUNCHED BY LETTERONE OVER THE ENTIRE SHARE CAPITAL OF DIA.SAYS BOARD EXPRESSES A FAVOURABLE OPINION IN RESPECT OF THE AMENDED OFFER BY LETTERONE.  Full Article

Spain's Regulator Authorizes Modification Of LetterOne's Bid For DIA
Monday, 6 May 2019 

May 7 (Reuters) - Spain's regulator (CNMV)::SAID ON MONDAY IT HAD AUTHORIZED MODIFICATION OF THE TAKEOVER BID LAUNCHED BY LETTERONE FOR DIA <<>>.THE MODIFICATION OF THE MINIMUM ACCEPTANCE LIMIT CONDITION IMPLIES A MORE FAVOURABLE TREATMENT FOR ITS ADDRESSEES.CONSIDERS THE OFFER PRICE OF THE TAKEOVER BID AS "FAIR".  Full Article

Letterone Seeks To Lower Minimum Acceptance Condition In DIA Bid
Tuesday, 30 Apr 2019 

April 30 (Reuters) - Distribuidora Internacional de Alimentacion SA ::LETTERONE TO REQUEST REDUCTION OF MINIMUM ACCEPTANCE CONDITION FOR BID ON DIA <<>> TO 20.999 PCT OF DIA'S SHARE CAPITAL - L1R INVEST1 HOLDINGS.REQUEST FOR AUTHORIZATION OF MODIFICATION OF VOLUNTARY PUBLIC TENDER OFFER FOR ALL OF THE SHARES OF DIA <<>>.  Full Article

DIA Estimated Q1 Net Attributable Loss Of Between 140 Mln And 150 Mln Euros
Friday, 26 Apr 2019 

April 26 (Reuters) - Distribuidora Internacional de Alimentacion SA ::ESTIMATED Q1 NET SALES OF BETWEEN 1.62 BILLION EUROS AND 1.72 BILLION EUROS.ESTIMATED Q1 NET ATTRIBUTABLE LOSS OF BETWEEN 140 MILLION EUROS AND 150 MILLION EUROS.ESTIMATED Q1 OPERATING INCOME (EBIT) LOSS OF BETWEEN 115 MILLION EUROS AND LOSS 125 MILLION EUROS.NET FINANCIAL DEBT AT END-MARCH 2019 (EXCLUDING IFRS 16) AT 1.70 BILLION EUROS, WHICH REPRESENTS AN INCREASE OF 250.4 MILLION EUROS IN Q1 2019 VERSUS FY 2018.Q1 COMPARABLE SALES (LIKE-FOR-LIKE) DOWN 4.3 PERCENT.  Full Article

DIA Enters Into Agreement To Amend Current Syndicated Facilities Agreement
Friday, 26 Apr 2019 

April 26 (Reuters) - Distribuidora Internacional de Alimentacion SA ::ENTERS INTO AN AMENDMENT AGREEMENT WITH ITS FINANCIAL SYNDICATED LENDERS TO AMEND THE CURRENT 912.1 MILLION EURO SYNDICATED FACILITIES AGREEMENT.AS A RESULT OF AMENDMENT, OBLIGATIONS TO LAUNCH SHARE CAPITAL INCREASE IN TERMS AND CONDITIONS ACCEPTABLE FOR FINANCIAL SYNDICATED LENDERS HAVE BEEN EXTENDED UNTIL MAY 31.  Full Article

UPDATE 1-Spanish retailer DIA losses worsen in H1, to update business plan

MADRID, Sept 16 Spanish retailer DIA swung to a sharply worse net loss in the first half on falling sales, supply disruptions and one-off costs related to store closures, but said on Monday a key indicator of its performance was starting to recover.