DIA Supermarkets closes the sale of its perfumeries in Spain to the Colombian group Trinity

DIA Supermarkets closes the sale of its perfumeries in Spain to the Colombian group Trinity
DIA Supermarkets closes the sale of its perfumeries in Spain to the Colombian group Trinity

Madrid, Apr 1 (EFE).- The Spanish supermarket company DIA has closed the sale of its Clarel perfume stores to the Colombian group Trinity, an operation worth 42.2 million euros (45.5 million dollars), of which which has already received 27.2%.

As reported by DIA this Monday to the Spanish stock market supervisor, the sale contract, announced last December, was subject to a possible rejection of concentration control by the European Commission or the National Commission of Markets and Competition ( CNMC) before April 30, 2024.

Once the requirement was met, the operation has been closed and DIA has received a closing price of 11.5 million euros (12.4 million dollars).

The potential accrual of certain additional amounts in accordance with the contract is still pending.

It included a debt receivable of 18.7 million euros (20.2 million dollars) payable in stages in 2024, 2027 and 2029, as reported at the time.

The sale affects 1,000 Clarel stores, distributed throughout Spain, and three distribution centers, among other assets, according to the Spanish company.

DIA specified that this operation will not have an accounting impact on its consolidated income statement for 2024.

In addition to this sale, in recent years DIA has divested itself of its business in Portugal, has undertaken a strong restructuring in Brazil – where it has concentrated in Sao Paulo – and has sold 224 establishments to the Alcampo hypermarket chain in Spain. EFE

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