Business · Companies · 9 hrs ago
Dia sells its Argentina business and refocuses on Spain
Dia has sold its business in Argentina to focus more on its main market, Spain.
The sale was valued at $54 million, or €48 million.
Investors welcomed the move, and Dia shares rose after the sale was announced.
Analysts say leaving Argentina makes Dia’s business simpler and less risky, because Spain had been growing faster than the group overall.
Dia plans to use the proceeds to support expansion in Spain and complete changes to its business portfolio.
Analysts say the sale could also help Dia refinance debt at a lower cost, though changes to dividend or corporate rules are not certain.
Dia shares are up more than 30% in 2026, and analysts see further potential for the company’s valuation to rise.
Dia has sold its business in Argentina for a total of $54 million (€48 million).
The company says the sale will help it focus on Spain, its main market, and support its expansion there.
Analysts said the sale could improve Dia’s growth profile, profitability and investment appeal while reducing risk.
Dia’s shares rose 5.80% on Friday after news of the sale and gained a further 0.31% the following day.
The shares were at €48.50 and had gained more than 30% in 2026.
- Who
- Spanish food retailer Dia sold its business in Argentina.
- What
- Dia agreed to sell the business for $54 million (€48 million).
- When
- The news became known the previous Friday, according to Expansión, published on 9 November 2026.
- Where
- The business being sold is in Argentina; Dia plans to focus on Spain.
- Why
- Dia said the sale would allow it to concentrate on its main market. Analysts said it would simplify the company and reduce risk.
This story does not have two clearly opposing sides.
After news of the sale became known, Dia’s shares rose 5.80%, their best session since June.
Dia’s shares gained a further 0.31% to reach €48.50.
- Sale proceeds
- $54 million (€48 million)
- Share price
- €48.50
- 2026 share gain
- More than 30%
- Market capitalisation
- €2.815 billion
What people are saying
The sale makes strategic sense because it allows Dia to concentrate on its main market, Spain
The divestment should also accelerate the refinancing of debt at a lower cost and could facilitate the removal of current restrictions on corporate transactions and dividend distributions, which would open new opportunities to create value for shareholders
It becomes a group with a stronger investment case