Grupo Dia reported this Thursday the sale of all of its stake in Dia Argentina to Dorinka S.R, a company controlled by Grupo de Narváez (GDN), an operator in the country of the supermarket chain ChangoMás (formerly Walmart Argentina), for an amount of 53.8 million dollars (47.9 million euros), according to the documentation submitted to the Comisión Nacional del Mercado de Valores (CNMV).
The company places this divestment within the strategic transformation process developed in recent years, after the exit of the large-format stores and the non-food businesses (Clarel), as well as the withdrawal from the markets of Portugal and Brazil.
Grupo Dia has indicated that the transaction will generate an approximate negative accounting impact of 100 million euros on its consolidated income statement, as a result of the difference between the carrying value of its stake in Dia Argentina and the agreed sale price.
The supermarket chain emphasized that from now on it will allocate all its resources to its "most profitable and highest-growth" business, focusing on the execution of the Strategic Plan 2025-2029 in Spain.
It also noted that the transaction eliminates the need to make future capital injections to support the Argentine subsidiary in a complex macroeconomic context in the country and allows isolating the results from exchange-rate volatility.
After this transaction, the distribution company will concentrate its activity in the Spanish market, after it had left Portugal and Brazil in recent years, and after the sale of Clarel in 2024 to the Colombian group Trinity for 42.2 million euros.
In 2023, Grupo Dia transferred its entire business in Portugal to Grupo Auchan for 155 million euros, and one year later it completed its exit from Brazil with the sale of 100% of Dia Brasil to MAM Asset Management (linked to Banco Master) for a symbolic price of 100 euros, after the poor results recorded by this subsidiary.
The supermarket chain returned to profit by posting earnings of 129 million euros in 2025, the year in which it consolidated its shift to a phase of growth and profitability, supported by the positive development of the business in Spain.
Net sales of the continuing group, which include operations in Spain and Argentina, reached 5,819 million euros in 2025, 3% more.
Argentina Day closed the year with billing of 1,510 million euros, a drop of 15%, weighed down by a 10% decline in the volume of comparable sales (LfL) and by the 40% depreciation of the Argentine peso in the same period.