LetterOne mulls loan, starts talks over debt in bid for Spain’s DIA

By Andrés González and Isla Binnie MADRID (Reuters) - Russian tycoon Mikhail Fridman's LetterOne (L1) investment fund would consider injecting capital into Spanish retailer DIA if other shareholders accept its offer to buy them out, the fund said in the offer prospectus. L1 is trying to coax shareholders to sell it the roughly 70 percent it does not already own of the group, which has failed to claw back market share in the face of strong competition in Spain

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