French food distribution company Auchan announced on Thursday, August 3, that it had acquired it “all activities” From the Dia group in Portugal, i.e. 489 convenience stores under the Minipreço and Mais Perto brands, owned or franchised, As well as three warehouses.
“After this operation, Auchan Portugal will have the leading network in the number of stores in the country”says the group in his press releaseNoting that the agreement was signed on Wednesday “Between Auchan and Dia also provides for the transfer of 2,650 employees”. Auchan Retail has 70 physical stores in Portugal and currently employs 9,000 people there.
This acquisition provides for the group to take over “489 stores of the Minipreço and Mais Perto brands, owned or licensed, three warehouses, as well as contracts, licenses and assets necessary for operation”The statement said. “This operation is strategic for Auchan Retail in Portugal, as it will enable us to cover the whole country”And “We will have the largest number of sales points in the profession”Auchan Retail CEO Yves Claude says in the press release.
This acquisition will also allow for development in Portugal View all formatsl From supermarkets to digital convenience stores, he added. Yves Claude also welcomed this “New process with Dia group”from “Demonstrates the quality of our relationship with this major global distributor”. Indeed, last year Auchan Retail announced the acquisition in Spain of 217 supermarkets of the Spanish chain.
The operation in Portugal does that “After Diyaa Group’s decision to refocus on its main markets as part of its strategy in proximity and simplification of its locations”Auchan said. The statement said the deal is subject to the approval of the Portuguese Competition Authority. It should be completed in the coming months..
