The DIA Group has received firm purchase offer from Carrefour for all of its business in France for an enterprise value of €600 million (through a put option
) and has granted exclusivity to Carrefour. The final value of the transaction will be based on DIA France financial adjustments, as customary in this type of transaction.
The possible closing of the transaction with the final conditions or economic terms will be communicated in due course; until then, DIA France’s activities will be pursued normally.
Following consultation of DIA France workers council, the transaction is subject to the approval of the competition authorities.
Source: DIA Group