Shares in discount chain Dia are set to be listed in Spain in July, French retail giant and parent company Carrefour has revealed.

Carrefour announced on Friday (13 May) that it had completed the first stage of the process to list Dia on the Spanish stock exchange, the CNMV.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

The company has received regulatory approval for the move to list Dia in Barcelona and revealed that the prospectus for Dia is now available. The discount retailer is due to start trading on 5 July, subject to approval from Carrefour’s shareholders and the approval of Dia’s prospectus by the CNMV.

Announcing the news, Carrefour highlighted the strength of the Dia brand in the hard discount sector. It is the third-largest hard discounter with a strong presence in emerging markets, Carrefour said.

“The hard discount industry benefits from powerful growth dynamics, backed by both supportive demographics and favourable socio-economic trends,” Carrefour said. “Dia benefits from the necessary assets to seize all profitable growth opportunities offered by the sector.”

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

Just Food Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Just Food Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now