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Eroski places €11M portfolio on the market
04 June 2019 | Vanessa Sousa

Two hypermarkets and two petrol stations, located in Spain, were placed on the market by distribution group Eroski, for 11 million euro.

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This decision is in tandem with the company’s strategy aiming at reducing its bank debt in 454 million euro until 2024, according to newspaper Cinco Días. To achieve this, the company also plans to sell another asset estimated at 10.2 million euro. In 2018 the same company closed the sale of 3 hypermarkets for 14.2 million euro.

On the other hand, Eroski will be investing in renewing its properties by integrating the latest Technologies which will provide a greater involvement and a better experience for its clients. In this last project alone, the company should spend between 90 and 100 million euro.