Suning instructs Garrigues on Dia China deal

Garrigues advised Suning on the acquisition of all of the stores in China belonging to Spanish supermarket chain Dia, according to Mergermarket.


Under the terms of the deal, Suning will acquire a 100 per cent stake in Dia China.

Dia entered the Chinese market 10 years ago.

However, the pace of Dia’s expansion in China was slower than expected.

Ben Cook