DIA.MC - Distribuidora Internacional de Alimentacion, S.A.

MCE - MCE Delayed Price. Currency in EUR
+0.0002 (+0.19%)
At close: 5:35PM CET
Stock chart is not supported by your current browser
Previous Close0.1059
Bid0.1063 x 0
Ask0.1066 x 0
Day's Range0.1050 - 0.1068
52 Week Range0.0929 - 0.7109
Avg. Volume17,180,931
Market Cap708.402M
Beta (5Y Monthly)1.32
PE Ratio (TTM)N/A
EPS (TTM)-1.3060
Earnings DateNov 05, 2019
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateJul 13, 2018
1y Target Est4.03
  • Bloomberg

    Russian Billionaire Clears Path to Raise Bet on U.K. Health Food Retailer

    (Bloomberg) -- Russian billionaire Mikhail Fridman is preparing to double down on his investment in U.K. health food chain Holland & Barrett.His investment vehicle LetterOne has obtained permission from H&B’s creditors to adjust terms governing its loans, making it easier to buy back the debt, according to people familiar with the matter. Portions of the loans, which funded LetterOne’s acquisition of H&B in 2017, were quoted as low as half of face value last month as the company battled weakness in Britain’s retail industry, according to data compiled by Bloomberg.LetterOne hasn’t yet purchased any of the debt, according to the people, who asked not to be named discussing private information. But the amendment to terms on the loans helped push their quoted price up to 62 cents on the euro, the people said.Representatives for Holland & Barrett and LetterOne declined to comment on the loans or their terms.The debt was issued in 2017, split between a 450 million pound ($584 million) portion and a 415.5 million euro ($462 million) tranche in addition to a 75 million pound revolving facility.Holland & Barrett, a familiar presence on British shopping streets and the country’s go-to outlet for protein shakes and vitamin supplements, is struggling to preserve market share against competition from online retailers. Results for its last fiscal year to September 2019 showed declining profitability, according to a note published by Moody’s Investors Service which cut the company’s credit rating one step to six levels below investment grade.Flagging profits reflected worse-than-expected sales and rising costs, according to Moody’s. The company had 19.5 million pounds in cash as of late September, the report said.Fridman’s potential H&B investment would follow LetterOne’s move last year to take over Spanish supermarket chain Distribuidora Internacional de Alimentacion SA, backing a capital increase and repaying bonds. The investment vehicle also agreed with Dia’s lenders including Banco Santander SA, to extend the maturity of all bank loans to March 2023 with the possibility of raising up to 380 million euros in new secured debt.To contact the reporters on this story: Tatiana Darie in London at tdarie1@bloomberg.net;Irene García Pérez in London at igarciaperez@bloomberg.netTo contact the editors responsible for this story: Vivianne Rodrigues at vrodrigues3@bloomberg.net, Chris VellacottFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Bloomberg

    Russian Billionaire Takes on Ana Botin, and Wins

    Fridman’s hostile bid for struggling Spanish grocer Distribuidora Internacional de Alimentacion SA won shareholder approval earlier this month. When DIA said in December it needed shareholders to stump up 600 million euros ($669 million) to cut debt, Fridman refused to bail out the discredited management team.

  • Thomson Reuters StreetEvents

    Edited Transcript of DIA.MC earnings conference call or presentation 8-Feb-19 8:30am GMT

    Full Year 2018 Distribuidora Internacional de Alimentacion SA Earnings Call

  • A Russian Billionaire’s $1.7 Billion Grocery Spree

    A Russian Billionaire’s $1.7 Billion Grocery Spree

    The Russian billionaire is swooping on ailing Spanish grocer Distribuidora Internacional de Alimentacion SA with a punchy takeover offer that has given a fillip to the stock after months of pain. DIA will have a job on its hands to stay independent or to force Fridman to increase his offer. This is no quixotic move: Fridman has assembled a high-powered team of executives from retailers like France’s Carrefour SA and German discounter Lidl to oversee the investment.