Spanish supermarket group DIA converts its €500 million debt into new shares

Spanish supermarket group DIA converts its €500 million debt into new shares
By Laurence Crumbie

Dia_supermarket_villeurbanneSPANISH retailer DIA has announced that it will convert debts of €500 million into new equity as part of a business transformation plan. The agreement was reached today and has the full support of LetterOne, DIA’s reference shareholder, as well as of the supermarket’s syndicated leaders. In a press release, DIA explained that this ‘long-term […]

November 30, 2020 at 04:26PM
via Olive Press News Spain read more...

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