Condis resumes expansion outside Catalunya
Logistical and commercial integration of stores
Strategic commitment to proximity distribution
The acquisition of Dispreu by Condis marks a turning point in the company’s expansion strategy outside Catalunya. The integration of the Balearic network consolidates its proximity model, strengthening the group’s competitiveness within the retail channel.
The context of the operation in the retail channel
Barcelona, 29/04/26
The agreement between Condis and the Menorcan operator Dispreu, manager of the Binipreu stores, represents the return of the supermarket chain to geographic expansion.
After the entry of Portobello Capital into the shareholder structure and the exit from the Madrid market in 2021, the company had concentrated exclusively on the Catalan territory. The transaction includes eight supermarkets distributed across the island of Menorca, three logistics platforms, and the Binipreu Menorca shopping center, inaugurated in 2012. The operation, which is pending approval by the National Commission for Markets and Competition (CNMC), has not disclosed the purchase amount, but guarantees the continuity of the local brand.
Operational challenges and supply chain control
The foray into the Balearic market introduces unique logistical challenges due to insularity, which demands strict control over stock and supply.
To mitigate these risks, the acquisition encompasses the key infrastructure that allows Condis to manage provisioning directly, replicating the operational efficiency model that it already applied with the purchase of Roges Supermercats. The integration with the Binipreu business, which has an annual turnover of over 35 million euros, is planned as a gradual process aimed at maintaining the identity of the Menorcan brand within the distribution segment.
Financial stability and model synergies
The operation is executed at a time of financial stability for the group.
Condis closed the 2024 financial year with a turnover of 807.4 million euros and an EBITDA of 52 million euros, operating a network of 700 establishments between its own stores and franchises. This acquisition represents the group’s second corporate move since the arrival of Portobello, anchoring a commercial format based on proximity and profitability per square meter.
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