Spain News: Eroski to try to sell Caprabo supermarket chain

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Catalonian chain Caprabo up for sale Credit: Shutterstock

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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