Grupo Dia has completed the sale of Dia Argentina to Dorinka, a company controlled by businessman Francisco de Narváez's group, for about US$53.8m, the Spanish retailer told the CNMV on 12 November 2026.
Why Dorinka S.R.L. (Grupo de Narváez) is buying Dia Argentina S.A.
Dia said the sale removes the need for further capital injections into the Argentine subsidiary and lets it focus on proximity retail in Spain. GDN said it would strengthen ties with franchisees and national suppliers.
Deal terms and financing
The sale was executed on the terms announced on 5 November once Dia received the agreed price. Dia expects a negative accounting impact of about €100m from the difference between the book value of the stake and the sale price.
Market context
Dia Argentina operates more than 900 stores. Supermarket sales in Argentina have fallen more than 20% since 2023, and the unit recorded accounting losses of €54m and cash absorption of €14m in the 12 months to June 2026. Dia previously sold its Brazilian and Portuguese operations.
