LetterOne

Grupo Dia Names Benjamin J Babcock As New President

Benjamin J Babcock has been elected chair of the board of directors of Spanish retail group Dia, succeeding Stephan DuCharme, who has stepped down.

Spanish Court Drops Inquiry Into Russian Tycoon's Bid For DIA

Spain's High Court has dropped an investigation into allegations that Russian tycoon Mikhail Fridman acted to depress the share price of DIA while trying t...

Spanish Court To Probe Russian Tycoon's Bid For DIA

Spain's high court will investigate whether Russian tycoon Mikhail Fridman deliberately acted to depress the share price of supermarket chain DIA in his bi...

Spanish Retailer DIA Posts 7% Fall In First-Half Sales

Spanish retailer DIA swung to a worse net loss in the first half on falling sales, supply disruptions and one-off costs related to store closures, but said...

DIA Secures New Financial Agreement With Lenders, Shareholders

Spanish retail chain DIA has announced that it has secured a long-term agreement with lenders and shareholders which will ensure financial stability in the...

Spanish Retailer DIA Strikes Rescue Deal With Banks

Spanish retailer DIA reached an eleventh-hour agreement to secure financing on Monday, new owner LetterOne said in a statement, staving off the i...

Russia's Fridman Wins Control Of Spain's DIA As Financing Deadline Looms

Russian tycoon Mikhail Fridman's investment fund LetterOne (L1) said on Friday it had won control of Spain's DIA but had not secured support from all of th...

Spain's DIA Hints At Potential Liquidation Should Stabilisation Measures Fail

Spanish retailer DIA has said that should efforts to stabilise its capital structure and liquidity fail to proceed 'in a timely manner', the company may be...