Spanish produce supplier, Pascual Hermanos, has sold two of its warehouses to the local authorities in Valencia as parent company Dole Europe is reported to be planning to sell its stake of 90 per cent in the troubled distributor.
Pascual Hermanos struggled through the early 1990s before it was bought by Dole Europe in 1996. Since then the company, at one time one of the biggest citrus suppliers in Spain, has had disappointing financial results, losing millions of euro last year.
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