Dia looks to sell drugstore business Clarel

Source: grandeconsumo.com, Wednesday, Jan 9, 2019

Dia has officially activated the sale of drugstore business Clarel, charging the banks of Santander and BBVA with the task of finding a buyer. Dia intends to raise EUR200 million from the sale. Santander and BBVA have been chosen to find buyers as both the banks have been instrumental in the process of refinancing the group having invested EUR900 million recently for the troubled discount chain. (Portuguese language)