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DIA sells its operations in Shanghai to the Chinese group Suning

business

03 April 2018

DIA informs that, on the date hereof, the Company has entered into an agreement with Nanjing Suning.Com Supermarket LTD, company part of the Chinese group Suning, in relation to the sale of 100% of the shares of the Chinese entities Shanghai Dia Retail CO., Ltd and DIA (Shanghai) Management Consulting Services CO. Ltd, transaction which, once completed, will imply the exit from the Chinese market by the DIA group.  

DIA informs that, on the date hereof, the Company has entered into an agreement with Nanjing Suning.Com Supermarket LTD, company part of the Chinese group Suning, in relation to the sale of 100% of the shares of the Chinese entities Shanghai Dia Retail CO., Ltd and DIA (Shanghai) Management Consulting Services CO. Ltd, transaction which, once completed, will imply the exit from the Chinese market by the DIA group.

The Company informs that the completion of the Transaction is conditioned to its approval by the Chinese antitrust and regulatory authorities and that the consideration under the same is not material. In addition, the Company informs that it is engaged in negotiations in relation to potential commercial collaboration agreements with the Suning group which, should that be the case, will be duly disclosed to the market in a further relevant fact.

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