date:Jul 03, 2014
Spanish retailer Dia Group has signed an agreement to acquire 100 per cent of the capital share of El Arbol. The shares were valued at 1. Through this agreement Dia will acquire the existing shareholder-loan by paying a fixed price of 26 million, and a variable rate linked to the change of certain financial ratios, which amounts to a maximum of 25.8 million. These figures must include also an estimated 99 million debt, according to a statement.
At present, El Arbol Group operates 455 retail out