Morgan Stanley, owner of Spanish supermarket chain Caprabo, has reportedly received offers from 15 interested parties regarding a sale of the grocery retailer. However, the retailer has remained silent on the rumours.
According to a report in Spanish newspaper La Vanguardia the bids range from EUR800m (US$1.07bn) to EUR1.2bn. However, a spokesperson for the supermarket chain told just-food that it was unable to comment on the report. Morgan Stanley was unavailable for comment at time of press.
Citing unnamed financial sources, La Vanguardia said that bidders ranged from private equity groups to trade buyers. Among the names raised were Permira, which already owns Spanish retailer Dinosol, PAI Partners, Bridgepoint, Impala, Blackstone and Bain Capital. Carrefour is also thought to be interested in the possible sale.
Caprabo posted net sales of EUR2.19bn in 2006.
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