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Russian billionaire Mikhail Fridman offered 417 million euros to take full control of the Spanish supermarket chain Dia Fridman, LetterOne, already holding 29% of the retailer's stock. ] After the announcement, the shares of the Day on the Madrid Stock Exchange grew by more than 70%.
The Spanish network is in crisis since 2017. Last year, the Day lost more than 90% of its market value.
Dia and its franchisees have a network of more than 7,400 stores spread throughout Spain, Portugal, Brazil and Argentina
The third Spanish network has however seen its market share decrease as a result of the conflict with the local group Mercadona, which holds 25% of the market of the Iberian country, and with the German president of discount, Lidl. Bigger, competitors have the ability to be more competitive.
Originally, the Day, created in 1979, belonged to the French network Carrefour. The separation took place in 2011, with the departure of the Spaniards to the stock market.
In 2014, Carrefour bought the day's operation in France for 800 million euros.
With the press agencies
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