Spanish grocery retailer Eroski has reached an agreement to sell seven hypermarkets to French grocer E.Leclerc.
Leclerc said yesterday (30 May) that the seven outlets, covering some 40,000 square metres, are located on the outskirts of Madrid.
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The move, Leclerc added, will give it a “significant position in the Spanish capital and in an area with high population density”.
The company plans to renovate the stores and add fuel to its offer at two outlets.
The deal remains subject to approval by the Spanish Commission for the Protection of Competition.
Leclerc currently operates 11 outlets in Spain.
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