Reports that Laurus is looking to sell its loss making Spanish business pushed stocks in the Dutch number two supermarket chain to fivemonth highs this week. Pulling out of Spain, where Laurus has been losing money and struggling to tackle inventory problems, would free up cash to spend at home, according to analysts. However, the fundamental unattractiveness of Laurus' Spanish operations meant buyers were unlikely to be interested in the business in its entirety. Laurus declined to comment on reports that venture capitalists and international retailers had cast a slide rule over the Spanish business, which generates about 14% of group sales. Schroder Salomon Smith Barney analyst Matthias Reschke said that Laurus had suffered from operating "a heterogeneous network of small stores in the least attractive regions" of Spain. {{NEWS }}