Dia sells 235 supermarkets and two logistics warehouses for €267M

Dia sells 235 supermarkets and two logistics warehouses for €267M

The transferred establishments have an average of 760 square meters and are located in Madrid, Aragón, Asturias, Castilla y León, Galicia, Cantabria, Navarra and the Basque Country, while the storage centers are located in Villanubla (Valladolid). According to Dia, they all have an attractive location, but "they don't fit in with the group's current strategy."

The operation will be paid entirely in cash, but Dia clarifies that the final amount of the transfer may vary depending on the total number of assets finally transferred. In any case, the money received will be reinvested «to accelerate the implementation of the strategic plan by completing the process of remodeling the proximity stores of its current network in addition to the acceleration of new openings within this same format”, explained the company.

“We are focused on a single proximity format and a unified store model. This operation allows us to advance faster in the objective of finishing the remodeling of our network and accelerating the pace of store openings, generating opportunities for all our employees, franchisees and suppliers", said the CEO of the company, Ricardo Alvarez. However, the company has not specified what will happen to the employees of the stores transferred to Alcampo. According to CC.OO. More than 3,600 workers are affected by the operation. In this sense, the union representatives demand from the management of both business groups «full guarantees of maintenance of employment and working conditions».

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