Mercadona, candidate for the rescue of the DIA

While the Spanish-based supermarket chain DIA is seeking a shortcut out of the crisis that crushed the value of its shares on the Madrid Stock Exchange, US investment bank JPMorgan says in its latest report that salvation could come from the hand of another Spanish giant: Mercadona. "Ultimately, DIA's destiny could be in the hands of Mercadona," analysts say, although they note that currently this supermarket chain is three times larger than DIA and has € 2.6 billion of net cash available to be spent