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Spanish fund to buy 30 pct of restaurant group VIPS from Goldman Sachs

MADRID, Sept 15 Spanish investment fund ProA Capital will acquire a 30 percent stake in restaurant group VIPS from Goldman Sachs for an undisclosed amount, VIPS said in a statement on Thursday.

ProA Capital will also take 12.5 million euros ($14.1 million) of a 41.5-million-euro rights issue planned by VIPS, which holds the franchise rights for Starbucks and Fridays in Spain.

The deal is pending the approval by competition authorities, it said.

($1 = 0.8895 euros) (Reporting by Emma Pinedo; writing by Paul Day; editing by Jason Neely)

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