Search thinkSPAIN.com for  in 
spain jobs
backprinttell a friend

Eroski sells 36 stores to Carrefour for €205m
By:
thinkSPAIN , Thursday, March 10, 2016

NATIONAL supermarket chain Eroski has sold 36 of its stores, 22 petrol stations and eight shopping centres to French hypermarket firm Carrefour for the sum of €205 million.

Carrefour plans to use these premises to expand its presence in Spain.

They include all Eroski supermarkets in the region of Catalunya, since the Basque store network wants to concentrate on franchises and on city-centre outlets.

It has calculated that Eroski stores based in major urban hubs are more profitable.

Eroski says its decision to sell off all stores in Catalunya is due to plans to concentrate on developing its network of Caprabo supermarkets in the region, another brand which comes under the Eroski umbrella.

With the petrol stations included, the sale represents the source of 10.9% of the chain's income.

Carrefour has pledged to keep on all staff employed by the branches it has bought, and will ensure their working conditions remain the same.

The French chain currently has 173 hypermarkets, 162 Carrefour Express supermarkets, and 114 Carrefour Market stores – and with the purchase of Eroski premises, it will now be able to break into the markets in 27 Spanish towns and cities.

As for Eroski, its network is now reduced to 53 hypermarkets, 1,288 supermarkets – of which 467 are franchises – and 19 cash-and-carry stores.

The sale, partly aimed at restructuring the Basque firm's debt – which sat at €2.5 billion last year – will affect stores in Algeciras (Cádiz province), Antequera, Fuengirola, Vélez-Málaga (Málaga province), Roquetas de Mar (Almería province), Albacete, Ciudad Real, Cuenca, Logroño (La Rioja), Valladolid, Segovia, Zamora, Manzanares, the Cantabria towns of Lalín, Lugones, Mieres and Santander, Jaca (Huesca province) and Huesca city, and a long stretch of stores along the Mediterranean.

The latter includes Cullera (Valencia), Ondara, Dénia, Santa Pola and Orihuela (Alicante), Lorca, Águilas and San Javier (Murcia) and Murcia city, plus others in Castellón, Catalunya and the Balearic Islands including Amposta, Cornellá, Sant Cugat, Sa Coma, Son Cotoner and Terrasa.

 

 

 
Print Share Article RSS News Feed
print tell a friend stumble it!  delicious  digg it!  facebook   rss feed View feed | Add to my RSS reader rss feed

Latest ThinkSpain News
PSOE crisis: Pedro Sánchez quits
Politics & People - (1/10/2016)
Viewers stunned by 'new face' of Fernández de la Vega after six-year absence
Politics & People - (1/10/2016)
Supersubmarina singer and drummer out of intensive care after August van crash
Leisure/Entertainment - (1/10/2016)
 
Latest Business/Economy articles
Inditex profits up by 8% with 83 new stores and 10,000 extra jobs in six months
Spain  - (24/9/2016)
What has Ciudadanos proposed for the job market, economy and development?
Spain  - (28/8/2016)
Banks in Spain adjust strategy post-Brexit referendum
Spain  - (20/8/2016)
 
  back
Follow thinkSPAIN on
Facebook Twitter
 
 
 
 
 
Spanish news archive Costa Blanca news Costa del Sol news Alicante news Castellon Valencia news Barcelona news Catalonia Costa Brava news Madrid news Tenerife news Canary Islands Malaga news Marbella news Andalucia news Sevilla news Costa Almeria news Murcia news Costa Calida Aragon news Asturias news Balearic news Mallorca Menorca news Ibiza Basque news Bilbao Cantabria news Castilla La Mancha news Castilla Leon news Extremadura news Galicia news La Rioja news Navarra news Spanish Travel Tourism news Spanish Property Spain directory services Spanish A B C D E F G H I J K L M N O P Q R S T U V W X Y Z Jobs in Spain Postcodes Spanish weather Spain History Spanish Culture Flamenco dancers Sevillanas Bullfighting bullfight bull fighting matador bullfighter Spanish Education Spain Schools Facts about Spain Clubs in Spain mortgages Spanish bank Spain banking Spanish banks Spain inheritance Spanish wills Spanish healthcare in Spain Working in Spain work Spanish employment Driving Spain cars Spanish car Spain Tax & Spanish Residency Property in Spain for Sale Spanish property to rent Spain holiday lets Spain news Spanish Properties costa blanca weather costa del sol weather local news/info Spanish estate agents Off Plan property Spain | costa blanca property sales properties for sale real estate costa blanca villas | costa del sol property sales properties for sale real estate costa del sol villas | costa de la luz property sales properties for sale real estate costa de la luz villas | costa brava property sales properties for sale real estate costa brava villas | costa almeria property sales properties for sale real estate costa almeria villas | costa calida property sales properties for sale real estate costa calida villas | costa valencia property sales properties for sale real estate costa valencia villas | costa azahar property sales properties for sale real estate costa azahar villas | costa dorada property sales properties for sale real estate costa dorada villas | costa garraf property sales properties for sale real estate costa garraf villas | costa maresme property sales properties for sale real estate costa maresme villas | costa vasca property sales properties for sale real estate costa vasca villas | costa verde property sales properties for sale real estate costa verde villas | costa da morte property sales properties for sale real estate costa da morte villas
 
© 2003-2016 Think Web Content, S.L. - All rights reserved