By John Smith • 21 December 2019 • 18:30
Image of traffic jam at the Russian border with Kazakhstan.
Credit: [email protected]_news_ua
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.
Share this story
Subscribe to our Euro Weekly News alerts to get the latest stories into your inbox!
By signing up, you will create a Euro Weekly News account if you don’t already have one. Review our
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
Your email address will not be published. Required fields are marked *
Download our media pack in either English or Spanish.