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Asemar Auctions the Assets of the Canary Island Food Group JSP

The group's assets are valued at a total of 68 million euros.

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Asemar, the company specialising in the liquidation of assets proceeding from bankruptcies, has announced the auction of four production units formerly owned by the Canarian food group José Sanchez Peñate, S.A (JSP) valued at 68 million euros, following the legal advice of EY.

The auction will involve a mixed process (an M&A plus an extrajudicial auction) for the disposal of the group’s assets, which are located in the Canary Islands and Madrid.

Read the full article in Spanish.

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