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Distribuidora Internacional de Alimentacion SA (DIDA.MC)

DIDA.MC on Madrid SE C.A.T.S.

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20 Aug 2019
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Latest Key Developments (Source: Significant Developments)

DIA Publishes Amended And Restated Terms Of Syndicated Facilities Agreements With Lenders
Thursday, 18 Jul 2019 

July 18 (Reuters) - Distribuidora Internacional de Alimentacion SA ::PUBLISHES AMENDED AND RESTATED TERMS OF SYNDICATED FACILITIES AGREEMENTS WITH LENDERS.SAYS TO RECEIVE ON JULY 19 THE REMAINING 306 MILLION EUROS, OUT OF 490 MILLION EUROS REQUIRED TO BE INJECTED INTO CO VIA SHARE CAPITAL INCREASE OR PROFIT PARTICIPATING LOAN.SAYS TO FULLY USE THE 306 MILLION EUROS TO REPAY BONDS MATURING ON JULY 22, 2019.  Full Article

DIA To Extend Longstop Date For Fulfillment Or Waiver Of Conditions Precedent Until July 19
Tuesday, 16 Jul 2019 

July 16 (Reuters) - Distribuidora Internacional de Alimentacion SA ::SAYS TO EXTEND LONGSTOP DATE FOR FULFILLMENT OR WAIVER OF CONDITIONS PRECEDENT UNTIL JULY 19.  Full Article

DIA Says No Lock-Up Agreement With Syndicated Lenders Has Yet Been Reached
Monday, 17 Jun 2019 

June 17 (Reuters) - Distribuidora Internacional de Alimentacion SA ::SAYS NO LOCK-UP AGREEMENT WITH SYNDICATED LENDERS HAS YET BEEN REACHED, NEGOTIATIONS ARE STILL ONGOING.WILL CONTINUE TO WORK WITH LETTERONE AND SYNDICATED LENDERS TOWARDS REACHING AN AGREEMENT AS SOON AS POSSIBLE.SAYS IMPLEMENTATION OF EUR 500 MILLION EQUITY INCREASE APPROVED BY SHAREHOLDERS WILL BECOME EFFECTIVE UPON AGREEMENT BEING REACHED.LETTERONE HAS COMMUNICATED TO DIA THAT IT HAS NOT TERMINATED LOCK-UP AGREEMENT, BUT IT RESERVES RIGHT TO TERMINATE AT ANY TIME.  Full Article

CNMV Not To Initiate Sanctioning Procedures Over Santander Chairman's Tweet Regarding DIA
Friday, 7 Jun 2019 

June 7 (Reuters) - Spanish Market Regulator (CNMV)::SAYS NOT TO INITIATE SANCTIONING PROCEDURES OVER SANTANDER <<>> CHAIRMAN'S TWEET REGARDING DIA <<>>.  Full Article

DIA Names Stephan DuCharme As Chairman, Karl-Heinz Holland As CEO; Renews Board
Tuesday, 21 May 2019 

May 21 (Reuters) - Distribuidora Internacional de Alimentacion SA ::SAID EARLY ON TUESDAY APPOINTS STEPHAN DUCHARME AS CHAIRMAN OF THE BOARD AND KARL-HEINZ HOLLAND AS CEO OF THE COMPANY.APPOINTS STEPHAN DUCHARME, MICHAEL JOSEPH CASEY, SERGIO ANTONIO FERREIRA DIAS AND KARL-HEINZ HOLLAND AS EXTERNAL PROPRIETARY DIRECTORS (AT LETTERONE'S PROPOSAL).NAMES CHRISTIAN COUVREUX AND JOSE WAHNON LEVY AS INDEPENDENT DIRECTORS OF THE COMPANY.ACCEPTS RESIGNATION OF RICHARD GOLDING, MARIANO MARTIN MAMPASO, ANTONIO URCELAY ALONSO, MARIA GARANA CORCES, JULIAN DIAZ GONZALEZ, ANGELA SPINDLER AND BORJA DE LA CIERVA ALVAREZ DE SOTOMAYOR AS DIRECTORS AND MEMBERS OF THE COMMITTEES OF THE BOARD.  Full Article

Santander Has Decided To "Support DIA And Its Employees" - Santander Chairman
Monday, 20 May 2019 

May 20 (Reuters) - Santander Chairman Ana Botin says on Twitter::RUSSIAN FUND BIDDING FOR SPAIN'S DIA HAS AGREED TO WORK ON CHANGING FINANCING TERMS - SANTANDER CHAIRMAN ON TWITTER.CHANGES TO FINANCING TERMS WOULD BE FAIR TREATMENT.SANTANDER HAS DECIDED TO "SUPPORT DIA AND ITS EMPLOYEES" - SANTANDER CHAIRMAN ON TWITTER.  Full Article

Letterone Notifies Deletion Of Minimum Acceptance Level Condition Of Offer For DIA
Monday, 6 May 2019 

May 6 (Reuters) - L1R Invest1 Holdings S.à r.l. (LetterOne)::NOTIFIES DELETION OF MINIMUM ACCEPTANCE LEVEL CONDITION OF OFFER FOR DIA.REQUESTS AUTHORIZATION CONFIRMING THAT OFFER PRICE OF EUR 0.67 PER SHARE IS AN "EQUITABLE PRICE".  Full Article

DIA's Shares To Be Delisted From Ibex Small Cap On May 2
Friday, 19 Apr 2019 

April 19 (Reuters) - Technical Advisory Committee of IBEX Indices::SAID ON THURSDAY TO REMOVE SHARES OF DISTRIBUIDORA INTERNACIONAL DE ALIMENTACION (DIA) <<>> FROM IBEX SMALL CAP INDEX AS OF MAY 2.DECISION IS DUE TO THE EXTENSION OF ACCEPTANCE PERIOD OF LETTERONE TAKEOVER BID FOR DIA TO APRIL 30.SHARES WERE INITIALLY SCHEDULED TO BE DELISTED FROM IBEX SMALL CAP ON APRIL 24.  Full Article

Acceptance Period For DIA Bid By LetterOne To Start On April 1 - Spanish regulator
Friday, 29 Mar 2019 

March 29 (Reuters) - Spanish regulator (CNMV)::ACCEPTANCE PERIOD FOR DIA <<>> BID BY LETTERONE TO RUN FROM APRIL 1 TO APRIL 23, INCLUSIVE.  Full Article

DIA To Amend and Restate Its 912 Mln Euro Syndicated Facilities Agreement
Tuesday, 19 Mar 2019 

March 19 (Reuters) - Distribuidora Internacional de Alimentacion SA ::ENTERS INTO COMMITMENT LETTER WITH ITS FINANCIAL SYNDICATED LENDERS TO AMEND AND RESTATE ITS CURRENT EUR 912,119,190 SYNDICATED FACILITIES AGREEMENT.TO EXTEND ORDINARY MATURITY OF ALL TRANCHES UNDER EXISTING FACILITIES UNTIL 31 MARCH 2023.PARTIES TO ENTER INTO AMENDMENT AGREEMENT TO EXISTING FACILITIES ONCE SHAREHOLDERS HAVE APPROVED EUR 600 MILLION SHARE CAPITAL INCREASE.CONDITIONS OF DEAL INCLUDE EBITDA EQUAL OR GREATER THAN EUR 174 MILLION IN EACH 12-MONTH PERIOD ENDING ON 31 DEC 2019 AND 30 JUNE 2020.  Full Article

Spanish court summons DIA owner Fridman in Zed bankruptcy inquiry

MADRID, Aug 7 A Spanish court has summoned Mikhail Fridman, who controls retailer DIA, to appear before it next month in an investigation into the bankruptcy of digital entertainment firm Zed Worldwide, a judicial source said on Wednesday.