SPAIN - Nazca to sell its tapas restaurant chain

It is understood that the deal, valued at around EUR 20-25m, is approaching its final stages. Nazca owns the chain since 2005, when it paid EUR 13.5m for a majority stake. Lizarran manages a network of 175 tapas restaurants in Spain, Andorra, France, Germany, Portugal, Mexico and the US. It reported a turnover of EUR 82m in 2006.

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