Corporativo
ALSEA ZENA ACQUIRES 100% OF GRUPO VIPS IN SPAIN
October 31, 2018
ALSEA Zena and Grupo Vips will integrate their businesses in Spain and Portugal, becoming the largest restaurant group in the Iberian market
- Food Service Project, a company owned by ALSEA and majority shareholder of Zena in Spain, will acquire 100% of Sigla SA, the parent company of Grupo Vips
- At the same time, the current shareholders of Grupo Vips, the Arango family and ProA Capital, will take a minority stake in Food Service Project
- As a consequence of this operation, the resulting Group in Spain and Portugal will manage more than 1,000 restaurants, a portfolio of 10 brands and will have sales higher than 800 million euros in 2018, becoming the leading restaurant group in the Iberian market