Cuatrecasas advised Supersol Spain on the deal.
Supermarket company Supersol Spain announced the sale of the CashDiplo share capital to a company owned by Supersol and CashDiplo managers. The transaction is expected to be consolidated by the beginning of 2021.
The company that has acquired the cash and carry division has extensive experience in the sector and the company, and has designed a business plan to expand operations.
Supersol Spain is currently the sole shareholder of CashDiplo, a company that recorded €149 million in sales in 2019 and that operates with 23 cash and carry centers in Spain, the Canary Islands, Ceuta and Melilla.
The Cuatrecasas team that advised Supersol comprised M&A partner Mariano Ucar (Picture), Corporate/M&A lawyer Pedro López-Dóriga and Labour partner Jorge Aranaz.
Law Firms: Cuatrecasas;