Today Dia closed the sale of the Clarel perfumery chain. Four months after announcing the agreement, the distribution group is divesting part of its business to focus on supermarkets. The buyer is the Colombian group Trinity and the amount of the operation was set at 42.2 million.
In this first phase, Dia notified this Monday to the National Securities Market Commission (CNMV) the receipt of an initial payment of 11.5 million. The company led by Martín Tolcachir adds that the final figure is “still pending the potential accrual of certain additional amounts.”
Dia estimates that the operation will have no accounting impact on its income statement for the year 2024. In 2023 the supermarket group recorded losses of 30 million, 75% below those of the previous year.
In August of last year, Dia reversed the sale of Clarel to the C2 Private Capital fund when the agreed conditions were not met within the stipulated period. That operation was estimated at 60 million but it did not come to fruition. Since then the group has actively sought a buyer for its perfumery brand.
For the sale of Clarel, Dia has received advice from Arcano Partners, Herbert Smith Freehills and Deloitte, while the Trinity group has been advised by DLA Piper.
