Chain alcamp reached an agreement to buy THE 235 medium-sized supermarkets in eight autonomous communities, including Navarra, which total a retail area of approximately 180,000 square meters, for a price of 267 million euros. The company has not specified which stores it will acquire.
This has been indicated by the two companies in a joint note and DIA has clarified it in two communications to the National Securities Market Commission (CNMV) in which it discusses the details of the operation. alcamp currently has eight stores in the Autonomous Community, three in Pamplona and the rest in Villava, Estella, Marcilla, Andosilla and Milagro, while THE it has 59 throughout Navarre.
These supermarkets are located in the communities of Navarre, Madrid, Aragon, Asturias, Castile and León, Galicia, Cantabria and the Basque Country.
In addition to these supermarkets, the operation also includes the transfer of two logistics warehouses that the DIA Group owns in Villanubla (Valladolid).
The note specifies that the supermarkets sold to Alcampo, with an individual surface of approximately 760 square meters, do not fit with the strategy of DIA focused on convenience establishments and so-called convenience stores.
The agreement also provides for the transfer of “certain contracts, licenses, assets and employees related to the said establishments and logistics warehouses”, specifies DIA.
The transaction price will be paid in full in cash and, although DIA has indicated that it may vary depending on, among other parameters, the total number of assets ultimately transferred, it has specified that if all the conditions of the contract are met , the maximum price the company would get would be 267 million euros.
Furthermore, DIA has indicated that it does not expect any negative accounting impacts on its consolidated income statement resulting from this sale.
The transaction is subject to antitrust approvals and other consents which are expected to be obtained over the next few weeks until all transfers are completed in mid-2023.
CC.OO. will seek ‘full labor guarantees’ for all 3,600 employees
CC.OO. He said he will demand “full labor guarantees” for the 3,600 employees who will go from Dia to Alcampo. Specifically, the union pointed out that, if this agreement is concluded, which is still subject to the approval of the competition authorities, in addition to other aspects to be completed before April 15, 2023, it will mean the integration into Alcampo of 235 stores. , in addition to a warehouse and six buildings, affecting a total of 3,600 workers currently at Dia, who will become part of the Alcampo workforce.
“We understand that this corporate operation seems to have a commercial logic both from the point of view of the sizing of Grupo Dia and the expansion of the convenience format by Alcampo, and we will focus our claims on the requirement of express guarantees of maintenance employment and working conditions for these 3,600 people, by signing an integration agreement with the legal representation of the workers”, specifies the union.