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Shareholders back Russian billionaire’s rescue plan for Spanish retailer

By Benjamin Clarke

21 March 2019

Shareholders back Russian billionaire’s rescue plan for Spanish retailer A Dia store / iStock.com/Ed_Ni_Photo

Uría Menéndez and Clifford Chance are advising the board of Spanish supermarket chain Distribuidora Internacional de Alimentación (Dia) in rescue talks, where shareholders have voted to back a plan put forward by Russian billionaire Mikhail Fridman.