Spanish grocer Dia in talks to buy El Arbol chain - report
MADRID (Reuters) - Spanish discount grocer Dia is negotiating the purchase of supermarket chain El Arbol for around 100 million euros (83 million pounds), Expansion reported, citing unnamed sources close to the deal.
The purchase of El Arbol, owned by a group of Spanish savings banks, would make Dia the third-largest grocer in Spain behind Mercadona and Carrefour .
No one at Dia was immediately available for comment.
(Reporting by Tracy Rucinski; Editing by Mark Potter)
