RJR Nabisco to Sell Spain, Portugal Units:...

RJR Nabisco to Sell Spain, Portugal Units: RJR Nabisco Inc. announced an agreement to sell its Nabisco food businesses in Spain and Portugal to a Spanish concern for $77.5 million cash. The deal will bring RJR Nabisco close to its goal of divesting $5.5 billion in assets to raise cash and reduce debt amassed in its $24.53-billion leveraged buyout by Kohlberg Kravis Roberts & Co. Tabacalera SA, which administers Spain’s tobacco monopoly, will buy RJR Nabisco’s 50.5% interest in three Spanish food companies: Galletas Artiach SA, Marbu SA and Nabisco Brands Espana SA. Tabacalera will also buy Nabisco’s wholly owned Nabisco Brands Portugal Comercio E Industria LTDA and certain trademark rights in Spain and Portugal.