March 20, 2019 / 12:10 PM / in a month

Shareholders in Spain's DIA approve LetterOne's capital hike plan

MADRID, March 20 (Reuters) - Shareholders in Spanish supermarket chain DIA approved a plan put forward by Russian tycoon Mikhail Fridman’s LetterOne (L1) fund to raise capital worth 500 million euros ($567 million) on Wednesday.

A shareholder vote in favour of this capital hike was a condition of L1’s bid to buy the stake of just over 70 percent in DIA it does not already own. Shareholders rejected a rival plan put forward by the company’s board. (Reporting by Andres Gonzalez, editing by Isla Binnie)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below