Spain’s biggest street market supplier/operator, Cirsa Group, has not discounted the possibility of seeking a stock market listing, despite the media circus surrounding rumours that a major international investment group may make a bid for it.
According to the respected Spanish industry website, Azarplus, Blackstone, Cerberus and Apollo are among the potential buyers of Cirsa. But it draws attention to remarks by Joaquín Agut, Cirsa’s CEO, in which he notes the 46 consecutive quarters of uninterrupted growth shown by the group.
“It allows us to continue evaluating different options for the future in terms of a potential corporate operation. In this sense, no specific timing has been marked on any of the options that we are more formally evaluating since the end of 2017.”
Azarplus also does not rule out the other option - a merger with fellow Spanish giant Codere, with its huge operation in Latin America.
