Dinosol, the company that owns more than 260 HiperDino and SuperDino shops on the Canary Islands has responded to rumours that it is selling up by responding “There is no active negotiation nor binding agreement with any other party for an operation of this kind.”
This, however, does not mean that the Domínguez brothers, owners of the chain, are not interested in selling. Sources claim they have commissioned the Arcano investment bank to find a buyer, and that French chain Carrefour, Spanish chain Día, Portuguese chain Sonae and a Czech investor may be interested.
Dinosol was founded in 1978 and sold to Vista Capital in 1998. After a spell of decline it was reacquired by the Domínguez brothers and currently enjoys 26% of the market share on the Canaries with an annual turnover of €1.6 billion.
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