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Financial
20 November 2019
/ This is one more successful step in strengthening
the Company's capital structure led by L1 Retail.
/ This is one more successful step in strengthening the Company’s capital structure led by L1 Retail.
/ Market endorsement demonstrates investor confidence in Company’s future.
/ DIA will be focused on carrying out its ambitious recovery plans over the next three to four years.
DIA completes its capital increase by capturing 605 million euros in the market, which reflects the investors’ endorsement of the Company and its growth plans, underlining the confidence that market has in DIA’s future.
The Company is now able to focus exclusively on the challenge of the turnaround of the business. A project that has the confidence and support of L1 Retail and the entire management team of the Company, it will be focused over the next three to four years on improving operations and developing a modern proximity concept that is sustainably profitable and makes a valuable contribution to the evolution of Spanish food retail.
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