SHARES in discount supermarket chain Dia climbed 3% on news it is negotiating the purchase of local chain El Arbol.
The acquisition would make it the third-largest grocer in Spain.
The deal is rumoured to be worth around €100 million.
El Arbol is owned by a group of savings banks.
A buyout would enable Dia to raise its sales and market share by around 20%.
It had sales of €7.36 billion in the nine months to September and net debt of €792 million.
Olive Press TV
News Round-up Episode 3
03:59
Supermarket staff forced to intervene after family attacks man next to pregnant wife in Spain
00:35
Zebra crossing 'in the middle of nowhere' sparks outrage in rural northern Spain
00:22
News round-up: Oct 23rd - Nov 5th 2019
05:53
Car spotted parking ON TOP of another in Benidorm street
00:14
Olive Press TV report from Barcelona on sixth night of violent protests
03:54
Wall of police fires on violent protestors as rocks and rubber bullets fly in Barcelona
00:39
Olive Press TV live in Barcelona as police threaten imminent intervention on 6th day of protests
01:22
