Dinosol, the parent company of the HiperDino and SuperDino brands, remains on the radar of major retailers. It has confirmed it will listen to sales offers and has maintained contact with Arcano. In southern Gran Canaria, the shareholders own Parque Cristóbal in Playa del Inglés.
Javier Hidalgo, director at Arcano Partners, recently stated regarding the purchase of aircraft leased from Wizz Air that "we will continue investing in assets in the coming months with the goal of building a diversified portfolio for our investors that generates stable and predictable cash flows in the coming years."
The company's strategic influence in the Canary Islands—where it comfortably leads the food market—has sparked the interest of national and international investors willing to explore a possible acquisition. Caprabo was mentioned as a possible buyer in Expansión this Wednesday.
According to industry sources, an offer of €1.100 billion could be attractive enough to make the current owners think twice. And they themselves acknowledge this: they are willing to listen if something serious arises.
However, the group led by brothers José Abraham and Andrés Domínguez, along with CEO Javier Puga, clarifies that there are no active negotiations or binding agreements underway. In statements to infoRETAIL, they made it clear that, although proposals are received with some regularity, no sale process is currently underway.
The clarification follows a report published by Expansión, according to which Dinosol has hired the investment bank Arcano to coordinate the search for a buyer. Puga acknowledges the relationship with Arcano, but denies any commitment: "We have known Arcano for more than ten years, but we do not have any contract that obliges us to sell the company or anything like that," he explained to the outlet El Espejo Canario.
Puga also admitted that they have rejected three purchase offers in the last nine years—the highest being over 900 million euros—but emphasized that a proposal of 1.100 billion euros could make them reconsider their future: “We have told Arcano on occasion that if they bring us an offer of 1.100 billion euros, we would consider it. But that offer has never arrived.”
Although nothing is immediate, the executive doesn't rule out the possibility of a sale happening one day: "I can't promise that we won't sell the company because I don't know what the shareholders will think in X amount of time." And, regarding his personal role, he is adamant: "They'll have to push me because I love being here and I'm not keen on leaving. I'd like to stay for up to 30 more years."
