10 July 2019 – Richard D. K. Turner
The Basque chain Eroski is selling a series of hypermarkets due to an agreement with its creditor banks to refinance a debt of €1.542 billion. The markets are all located in southern Spain, whereas the bulk of Eroski’s operations are based in the northern part of the country: Galicia, the Basque Country, La Rioja, Catalonia and the Balearic Islands.
Given the hypermarkets’ geographical disparity, Eroski opted not to mandate a single advisor to complete the sale. Rather, it will work will a series of advisers to sell the individual assets.
Original Story: Idealista