Transportes Azkar SA said it expects sales to rise by 9
pct in 2003
from the 253.66 mln eur reported a year earlier, while EBITDA is seen increasing by 10 pct from 39.64 mln.
In a presentation of the group’s 2002 results, Azkar also said it plans to invest 22 mln eur in 2003, on a par with investments a year earlier.
Read MoreTransportes Azkar SA is seeking new partners to help finance the distribution group’s growth, Expansion reported citing unnamed sources close to the company.
Besides those companies already present in the sector, such as Fomento de Construcciones y Contratas SA and Actividades de Construccion y Servicios SA, “a Spanish investor group” could also be interested in taking a stake in Azkar, the paper said.
The possible investment could be carried out through a capital increase, Expansion said, noting that this would dilute the Somoza family’s 54.83 pct stake in the transport company.
Read MoreTransportes Azkar SA unit Azkar Portugal has invested 10 mln eur in a new parcel delivery centre in Vialongo, outside Lisbon, La Gaceta de los Negocios reported, without citing a source.
The new centre has 16,000 square metres and 89 hubs, the newspaper said.
Azkar also plans to invest in other centres in Coimbra, Oporto and Faro, it noted.
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