Metro Spain explores sale-and-leaseback for six Makro outlets

Source: expansion, Tuesday, Mar 12, 2019

Having sold the leasehold of three Spanish cash & carry sites last year, Makro is now reportedly exploring sale-and-leaseback options for a further six sites, in Bilbao, Badalona, Zaragoza, Alicante, Palma de Mallorca, and Valencia. The move would allow the outlets to continue to operate while freeing up liquidity for further investment in its business in Iberia. Any such deal could raise as much as EUR70 million, according to estimates. (Spanish language)