The Azkoyen Group (AZK) has completed the sale of the coffee activities that belong to its subsidiary in Portugal, the company CHCH – Compañía de Hostelaria e Consumo Hispanolusa, Sociedade Unipessoal, Lda, of whose capital it holds 100%.

In this manner, CHCH Ltda. ceases its activity in coffee distribution in Portugal, both in its Office and its Horeca line, transferring it to a group of investors lead by Espírito Santo Capital (90%), within a MBI operation (10%).

The operation is in line with the strategic plan for 2006 – 2009, which the leaders of the Azkoyen Group presented recently to the investment community, in which the company’s growth is focused on the payment system and vending machine business.

Azkoyen, with a staff of over 800 employees, is a business group with a presence in over 40 countries, and with production centers in Spain and Italy. Azkoyen’s professionals develop and provide efficient solutions to clients in the areas of vending machines, electronic payment systems and hotel and restaurant services. Their billing in 2005 reached €118 million, and their market capitalization exceeds €160 million. The company is traded on the stock exchanges in Madrid and Bilbao (AZK).