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Saturday, December 3, 2022
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Deloitte, Uría Menéndez advise on the sale of Viajes Eroski to W2M

Deloitte Legal advised the Eroski Group on the sale of "Viajes Eroski, S.A." to W2M, advised by Uría Menéndez

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Eroski has reached an agreement with W2M, a division of the Majorcan group Iberostar, for the sale of 100% of its travel subsidiary (Viajes Eroski). The deal allows the Basque group to focus on its core business: food.

The acquisition is expected to be completed by the end of January next year when certain conditions of the agreement are expected to be fulfilled. The deal value has not yet been disclosed.

According to the information provided by Eroski to the National Securities Market Commission (CNMV), the operation maintains the current jobs of some 300 professionals.

Viajes Eroski is the leading travel retailer in terms of points of sale and market share in the Basque Country, Navarre, La Rioja and Cantabria. It also has agencies in Galicia, Castilla y León, Aragón, Andalusia, Madrid and Catalonia, with an agency in Barcelona.

Deloitte Legal advised Eroski with a team made up of partners Sharon Izaguirre Gómez, Fernando Martínez and Covadonga Roldán Moralejo, director Rafael Piqueras Cuartero, counsel Oihane Inchausti Olaeta, principal associate Mario Gimaré, senior associates Selene Corral Peña and Ana de Lluc, and associate Natalia Vélez.

On the other hand, Uría menéndez advised W2W.

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