![Neil Russell Is Bound For Barcelona[151149]](https://www.theolivepress.es/wp-content/uploads/2023/05/Neil-Russell-is-bound-for-Barcelona151149-218x150.jpeg "EPIC RUN: Man with Parkinson’s running from London to Barcelona hailed as an inspiration by Paxman")
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.
