More than 40 potential buyers are interested in the productive units of the Canary Islands food group José Sánchez Peñate (JSP) in the process of extrajudicial sale, as reported this Wednesday by Asemar, an entity specialized in the sale of assets from judicial proceedings.
These potential buyers are interested in the auction of the productive units that have passed a first selection phase, and are currently visiting the group's facilities, Asemar points out in a statement.
Asemar, in line with its contribution to the legal certainty of both the debtor and the creditors, including the public administration and a group of financial entities, is also providing all the necessary information on the assets to those interested in continuing with its commitment to transparency.
The director of Asemar, Rafael Tarazaga, has expressed his satisfaction "for the progress of the process and for the number of potential buyers", as well as for the support "of other major players in the food and distribution sector that are key to the Canary Islands."
In fact, DinoSol Supermercados, leader in food distribution in the Canary Islands, has shown its support for the auction process led by Asemar, with the advice of EY, the entity states in the statement.
The group has expressed its interest in the auction being carried out successfully and that a buyer is soon found who is capable of restarting the group's productive units to revitalize the agri-food industry in the Canary Islands, a key sector for the economy of the Autonomous Community that is made up of more than 1,000 companies and a turnover of 1,500 million euros in 2020.
Four productive units will be sold, together with plots, offices, machinery and warehouses
The JSP group is one of the main players in the agri-food sector in the islands and its assets include the dairy production plant located in Güímar (Tenerife); the yogurt and dessert unit, with properties in Los Baldíos (Tenerife) and Getafe (Madrid); the bakery production unit in El Tablero (Las Palmas de Gran Canaria) and the coffee roaster located in Los Majuelos (Santa Cruz de Tenerife).
These are the four productive units that the JSP industrial food group will sell, together with plots, offices, machinery and four distribution warehouses located in different parts of the islands. Asemar indicates that with this operation it is consolidating itself in the Canary Islands market and reinforcing its position as the leading entity specialized in insolvency liquidation with a physical presence in the islands.
Thus, Asemar has delegations in Santa Cruz de Tenerife and Las Palmas de Gran Canaria to seek greater proximity with the Canary Islands insolvency administration, reduce liquidation process times by more than 30% and maximize the value of assets, exceeding their target value by more than 80%.
Auction of 86 assets in Tenerife concludes
The entity has also announced that it has concluded the first phase of another auction process of 86 assets located in Tenerife.
In total, the specialized entity has received 997 bids made by more than 50 different users, for a value of more than 900,000 euros. Among the 86 assets, valued at 2.5 million euros, are different homes, garages, storage rooms and commercial premises located in a total of 7 different buildings on the island of Tenerife: Nautilus, Resimar I, III and V (Resimar Urbanization), Catamarán, Fragata and Miramar.
In this line, the assets that have not obtained bids higher than their minimum starting price will be auctioned again through the Asemar website to restart the public and transparent competitive process of attracting offers.
According to Asemar, the Canary Islands is "a strategic region for insolvency proceedings because, according to data from the Association of Registrars, insolvency proceedings in Spain continue to rise and the archipelago is the sixth Autonomous Community with the highest number of proceedings filed."
Asemar is a company specialized in insolvency liquidation founded in 2015 and currently invoices 8 million euros per year through this matter and the comprehensive debt management, as well as the purchase of credit portfolios, service of solicitors, judicial indexation or legal advice.
