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Retail

Spanish Takeover Target DIA Posts Net Loss Of €353m In 2018

Spanish supermarket chain DIA posted a net loss of €352.6 million ($400 million) in 2018, the company said on Friday, three days after its main shareholder launched a takeover bid.

That compared to a profit of €101.2 million a year earlier, the company said, adding that sales were €7.3 billion for the full year, down from €8.2 billion in 2017.

'A Turbulent Year'

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