Caixa Capital acquires Spanish supermarket stake for E200mCaixa Capital Dessarrollo, the private equity arm of Spanish bank La Caixa, has acquired a 20 per cent stake in supermarket chain Caprabo, for E200m. The transaction represents Spain's largest private equity deal this year.
Caprabo's three controlling families, Elias, Botet and Carbo, will continue to control the remaining 80 per cent of the company. Caixa will take two places of the supermarket chain's board.
Caprabo has annual sales of E2bn and incorporates 500 outlets across the Catalan region of Spain. The business is hoping to expand into some of Spain's other key markets and has already begun negotiations to acquire rival supermarket chain Alcosto.
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