DIA quoted at historical lows and for the first time lowered from 60 cents

DIA quoted at historical lows and for the first time lowered from 60 cents

The shares of the DIA group of supermarkets fell again today with force during the start of the session and marked a new historical minimum until getting down for the first time from the barrier of 60 cents.

At 11:00 hours (Spanish time) the DIA titles they retreated more than 6% and they were trading at 59 cents, below the 62 cents that were paid on October 22 and that so far were listed as their historical minimum.

The Spanish company is under intense pressure in the markets since it announced a worsening of its 2018 results and the adoption of "adjustments" in their 2017 accounts almost two months ago.

Investors also take for granted that the company has negotiations with the banking refinance your debt and lengthen the maturities and wait expectantly for an agreement in this sense.

Late last night, DIA informed the National Securities Market Commission (CNMV) of the resignation of the board member Stephan DuCharme, who held the position of acting chairman and had been proposed by its largest shareholder, LetterOne, a subsidiary by the Russian billionaire Mikhail Fridman. From LetterOne have explained that the departure of DuCharme – former non-executive chairman and CEO of the Russian chain X5 – is part of its strategy to "explore the scenarios in which to provide the best help to DIA."

DuCharme, in fact, will continue to work "in the process of design and development of an eventual long-term sustainability plan "for DIA, although not from within the supermarket chain but as a managing partner of L1 Retail, an international investment firm specializing in retail that is part of LetterOne.

The company finished yesterday as a red lantern of the IBEX 35 after yielding more than 6%.


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