Russian tycoon launches €300m bid for struggling supermarket chain in Spain

66SharesAN investment group controlled by Russian tycoon Mikhail Fridman plans to make a €300 million takeover bid for Spanish supermarket chain DIA, valuing the group at more than €400 million. Letterone announced today (Tuesday) it will offer 0.67 euros per share for the 70% that it doesn’t already own, a premium around of 56% over … Continue reading Russian tycoon launches €300m bid for struggling supermarket chain in Spain