Spain’s leading bakery group Panrico has sold four of its domestic plants, the company said today (17 April).

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Panrico said it has offloaded facilities in Madrid, Valladolid, Murcia and Cordova in an attempt to reduce debts.


The company sold the sites under a 25-year sale and leaseback contract to Mereit, an investment fund managed by UK-based Matrix Property Fund.


Private equity group Apax Partners bought Panrico, which owns 11 factories in Spain and Portugal, in 2005.

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