The operation of the Dia supermarket chain in Brazil will have a new controller. The businessman Nelson Tanure sent Cade a notification informing that, through the Arila Multimarket Investment Fund, it will take control of the group, currently belonging to the Lyra II investment fund, according to a report by Folha de S.Paulo.
In May, Grupo Dia announced the sale of its entire operation in Brazil, marked by persistent negative results, for a . Dia Brasil was already undergoing judicial recovery and had announced the closure of 343 stores in March this year.
The network was founded by the Spanish group of the same name, which arrived in Brazil 23 years ago and went through a difficult financial restructuring process.
In addition to being completed for the symbolic value of 100 euros, Grupo Dia made commitments to “contribute resources” for the benefit of Dia Brasil in the amount of 39 million euros so that Brazilian buyers, MAM Asset clients, can overcome the process of judicial recovery.
Dia Brasil had submitted its request for RJ on March 21, after the announcement of a restructuring process that involved the closure of 343 stores and three distribution centers by the Spanish parent company Distribuidora Internacional de Alimentación.
A potential business combination between the Dias supermarket chain and GPA (), owner of the Pão de Açúcar chain, appears to be in Tanure’s plans, according to the newspaper’s findings. Economic Value.
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But first, the focus would be on completing Dia’s judicial recovery plan in 2025, stabilizing the retailer, and then evaluating retail assets with potential, if the plan really moves forward.
Still according to the Valoran operational model involving the GPA was already being considered. The Dia brand could be discontinued, maintaining around 300 points of high real estate value, with the focus shifting to operating under the Pão de Açúcar brand in units currently under the Dia banner.
