C2 Private Capital breaches one of the requirements of the agreement for Dia's purchase of Clarel

Despite this, the Dia group expects the operation to be completed before the end of the yea

Editorial
30 of June of 2023
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Clarel and Dia
Clarel and Dia

As it advanced 'The Economist' last Wednesday, there are certain irregularities in the agreement signed in December, through which the fund C2 Private Capital acquired a total of 1015 Clarel shops. 

In this agreement, the operation was valued at a total of 60 million euros, but it had to meet a series of conditions. As this economic media explains, one of the clauses of the agreement was the authorisation of the antitrust authorities, something that has happened, but it also required the adoption by the buyer of some measures for the financial assurance of Clarel merchandise. 

On the same day, 28 June, the shareholders' meeting was held in which the CEO of the Dia group, Martín Tolcachir, argued that although the transaction was authorised by the CNMC, the second clause had not yet been fulfilled, and today, 30 June, C2 Private Capital has the last day to comply with the second condition. Even so, it is expected that an extension will be established that will allow the transaction signed last December to close this year.