DIA eyed by Amazon; suitor Fridman will not oppose Amazon bid - reported rumour (translated)
28 AUG 2018
Spain-based supermarket chain Distribuidora Internacional de Alimentacion [DIA:SM] (Grupo DIA) is being eyed by Amazon [NASDAQ: AMZN], according to a report in the Spanish-language online newspaper OKDiario.
As reported, Russian businessman Mikhail Fridman, who is DIA’s main shareholder with a 25% stake through the vehicle Letter One, is preparing to launch a bid for 100%. However, according to OK, which cited sources close to the magnate, he will not fight against Amazon if it decides to step in.
According to previous reports, Fridman partnering with Goldman Sachs [NYSE: GS], may have contacted DIA shareholders French bank Societe Generale [EPA: GLE], Edinburgh-based investment fund Baillie Gifford, Canadian fund Black Creek Investment Management and Norwegian bank Norges Bank.
According to previous reports, Fridman partnering with Goldman Sachs [NYSE: GS], may have contacted DIA shareholders French bank Societe Generale [EPA: GLE], Edinburgh-based investment fund Baillie Gifford, Canadian fund Black Creek Investment Management and Norwegian bank Norges Bank.
Grupo DIA's market value is EUR 1.327bn.
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