Nanjing Suning.com Supermarket, a subsidiary of Chinese group Suning, has entered an agreement to buy a 100% stake in two entities of Spanish supermarket chain Distribuidora Internacional de Alimentación (DIA).
The two entities include Shanghai Dia Retail and DIA Shanghai Management Consulting Services in China.
Completion of the deal is conditioned to the approval by the Chinese antitrust and regulatory authorities.
Following the completion of the transaction DIA will leave the Chinese market.
The Spanish supermarket chain also announced that the company is in talks regarding the potential commercial collaboration agreements with the Suning group.
In February this year, DIA Group signed an agreement with e-commerce platform Amazon to extend the online purchase and delivery service in Valencia, Spain.
As part of the deal, Amazon will provide delivery services to DIA’s customers through its Amazon Prime Now service.
The service, currently available in Madrid and Barcelona, is offered through the virtual store of Plaza de DIA available in Amazon Prime Now and will house more than 6,000 references for customers.
Headquartered in Las Rozas, Spain, DIA distributes food, personal care and household products.
The supermarket chain currently operates 7,388 stores in Spain, Argentina, Portugal, Brazil and China, of which 3,603 are proprietary and 3,785 are franchised.
DIA operates stores in different formats, including DIA Market, Clarel La Plaza de Dia, DIA Maxi and Minipreço.