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SDC Investimentos SGPS SA (SCOAE.LS)

SCOAE.LS on Lisbon Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Investeder reaches stake of above 5 pct in SDC Investimentos
Friday, 19 May 2017 01:49am EDT 

May 19 (Reuters) - SDC INVESTIMENTOS SGPS SA ::SAID ON THURSDAY THAT INVESTEDER INVESTIMENTOS LDA HAS REACHED A STAKE OF 8.2 MLN SHARES IN THE COMPANY, REPRESENTING 5.12 PCT OF ITS SHARE CAPITAL AND VOTING RIGHTS.  Full Article

CMVM registers takeover bid of Investeder for SDC Investimentos
Friday, 12 May 2017 03:00am EDT 

May 12 (Reuters) - CMVM - PORTUGUESE SECURITIES MARKET COMMISSION::SAID ON THURSDAY IT HAS REGISTERED A TAKEOVER BID, PRESENTED BY INVESTEDER INVESTIMENTOS FOR THE TOTAL NUMBER OF SHARES OF SDC INVESTIMENTOS SGPS SA <<>>.THE OFFERED PRICE IS 0.027 EURO PER SHARE.THE OFFER PERIOD TO RUN BETWEEN MAY 15 AND JUNE 2.  Full Article

SDC Investimentos FY net loss narrows to 39.6 mln euros
Tuesday, 2 May 2017 02:56am EDT 

May 2 (Reuters) - SDC Investimentos SGPS SA ::Announced on Friday FY net loss of 39.6 million euros ($43.2 million) versus loss 71.4 million euros year ago.FY EBITDA loss 372,700 euros versus loss 4.8 million euros year ago.FY turnover 2.5 million euros versus 6.7 million euros year ago.  Full Article

SDC Investimentos sells shareholding in energy area
Monday, 24 Apr 2017 01:36am EDT 

April 24 (Reuters) - SDC Investimentos SGPS SA ::Said on Friday its unit, SDC Concessoes, has entered into agreement with Infraventus Renewables Trading to sell stakes in Soares da Costa Hidroenergia, Soares da Costa Hidroenergia 1T, Soares da Costa Hidroenergia 4T and Soares da Costa Hidroenergia 8T, companies which operate in the renewable energies area.The disposal is part of financial liabilities restructuring strategy of the group .The transaction will be made at "symbolic price", will reduce the group's bank liabilities in about 6.8 million euros ($7.4 million).The transaction will have estimated negative impact of about 300,000 euros in consolidated results.  Full Article

SDC completes sale of stakes in Autoestrada Transmontana, reduces liabilities
Tuesday, 28 Feb 2017 05:52am EST 

SDC Investimentos SGPS SA : Said on Monday it concluded disposal of companies operating under Autoestrada Transmontana subconcession to GLOBALVIA INVERSIONES SAU .The completion of these transactions and ongoing negotiations with financial institutions allowed to reduce consolidated liabilities by about 127.5 million euros ($135.12 million) and to discharge liabilities of about 228 million euros related to operations of Soares da Costa Construcao SGPS SA and its units.  Full Article

Board of SDCI welcomes takeover bid from Investeder
Monday, 23 Jan 2017 08:50am EST 

SDC - Investimentos SGPS SA (SDCI) :Said on Friday that its board of directors welcomes a takeover bid from Investeder Investimentos, launched for 100 percent of SDCI at 0.027 euro ($0.029) per share.  Full Article

SDC Investimentos unit sells shareholding in concessions area
Friday, 23 Dec 2016 12:55pm EST 

SDC Investimentos SA : Its unit, SDC Concessoes SGPS SA has signed an agreement to sell shareholding in the companies operating under the Beira Interior Concession and the Autoestrada Transmontana sub-concession to Spain's Globalvia Inversiones SAU . Globalvia is already a shareholder in the concession and sub-concession . The transaction is expected to be completed during the second quarter of 2017 .Estimates the transaction will have a negative impact of about 19 million euros ($20 million) on consolidated results.  Full Article

SDC Investimentos will not repay 20 mln euro bond loan to BCP
Friday, 25 Nov 2016 07:14am EST 

SDC Investimentos SGPS SA : Says will not repay "GRUPO SOARES DA COSTA 2007/2016" 20 million euro ($21.2 million) bond loan maturing on Nov. 28 . Says the bond loan was issued through a private placement and has Millennium BCP as the sole holder .Says it is undergoing a process of restructuring of its banking liabilities and the referred bond loan is included in the process.  Full Article

SDC Investimentos H1 result turns to net loss of 0.6 million euros
Friday, 12 Aug 2016 01:51am EDT 

SDC Investimentos SGPS SA : Reported on Thursday H1 EBITDA loss at 2.0 million euros ($2.23 million) versus loss of 2.2 million euros year ago . H1 net loss at 581,100 euros versus profit of 7.2 million euros year ago . H1 turnover at 1.1 million euros versus 3.2 million euros year ago .Financial debt at end-June of 267.0 million euros versus 267.4 million euros at end-Dec..  Full Article

SDC Investimentos says terms to sell stake in Soares da Costa not fulfilled
Tuesday, 9 Aug 2016 09:49am EDT 

SDC Investimentos SGPS SA : Says can not continue talks on sale of 33.3 percent stake of Soares da Costa Construcao to GAM Holdings as conditions for the sale are not fulfilled [nL8N14Z16X] .Informs on resolution to present Soares da Costa Construcao and its unit Sociedade de Construcoes Soares da Costa to special revitalization plan, as foreseen in the Code of Insolvency and Corporate Recovery.  Full Article

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