Santander sells part of the Supercor stores in El Corte Inglés

Santander sells part of the Supercor stores in El Corte Inglés

El Corte Inglés has given Santander a mandate to remodel its supermarkets and put a part of its Supercor stores up for sale, as confirmed to Europa Press.

In this way, the group wants to restructure its two main lines of business, fashion and supermarkets. According to El Confidencial, Carrefour, Lidl or Aldi could appear as possible companies interested in acquiring these stores.

The mandate to Banco Santander for the sale of this part of the network of these proximity establishments, currently made up of a total of 181 Supercor and Supercor Exprés stores, comes after El Corte Inglés closed last July the purchase of the Madrid supermarket chain Sanchez Romero.

With this operation, it consolidated its position in the supermarkets segment, with a broad commercial proposal capable of incorporating the latest market innovations.

Sanchez Romero has 10 supermarkets in Madrid with a surface area of ​​more than 9,000 sqm. It also has a 4,000 sqm distribution platform installed in Alcalá de Henares, Madrid, where the company's offices and headquarters are also located.

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