Spain News: Eroski to try to sell Caprabo supermarket chain

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BASQUE based supermarket and consumer goods chain Eroski currently has finance amounting to some €1.5 billion and is now looking to reduce this amount by sale of assets.

It has suffered with poor performance from its Catalonian supermarket outlet Caprabo which has been under review for some time and it has now brought in an external agency in order to try to find a buyer.

If it does sell, then it could make a substantial loss as it paid €1.3 billion for Caprabo in 2007.

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Written by

John Smith

Married to Ophelia in Gibraltar in 1978, John has spent much of his life travelling on security print and minting business and visited every continent except Antarctica. Having retired several years ago, the couple moved to their house in Estepona and John became a regular news writer for the EWN Media Group taking particular interest in Finance, Gibraltar and Costa del Sol Social Scene. Share your story with us by emailing [email protected], by calling +34 951 38 61 61 or by messaging our Facebook page www.facebook.com/EuroWeeklyNews

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