Brief: DIA To Sell 100% Of DIA Brazil To Lyra II FIP Multiestrategia

Distribuidora Internacional de Alimentacion SA

31/05/2024 07:01

May 31 (Reuters) - Distribuidora Internacional de
Alimentacion SA  DIDA.MC :
    * INFORMS ON THE SIGNATURE OF A SHARE PURCHASE AGREEMENT
    * TO SELL 100% OF DIA BRAZIL TO LYRA II FUNDO DE
INVESTIMENTO EM
PARTICIPAÇÕES MULTIESTRATEGIA
    * PURCHASE AND SALE IS CARRIED OUT AT A SYMBOLIC PRICE OF
100
EUROS
    * GROUP EXPECTS ESTIMATED NEGATIVE ACCOUNTING IMPACT OF 101
MILLION EUROS ON ITS CONSOLIDATED INCOME STATEMENT ARISING FROM
TRANSACTION
    * COMPLETION OF TRANSACTION EXPECTED WITHIN 2 MONTHS FROM
DATE OF
SIGNATURE
    * TRANSACTION, FRAMED IN CONTEXT OF PERSISTENT NEGATIVE
RESULTS AT
DIA BRAZIL, WILL ENTAIL TOTAL DIVESTMENT BY DIA GROUP IN
TERRITORY OF BRAZIL

Source text for Eikon:  ID:nCNM2TjyxN 
Further company coverage:  DIDA.MC 

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