An investment firm controlled by Santander Central Hispano and Royal Bank of Scotland is reported to have made an offer for the Spanish assets of Dutch retail giant Ahold.

Spanish newspaper Cinco Dias said the investment fund, named Vista Capital, is among seven interested parties shortlisted to bid for the 628 Spanish stores. French retail giant Carrefour and Basque supermarket chain Eroski are among the bidders, reported Reuters.

Spanish department store operator El Corte Ingles is believed to have withdrawn from the bidding.