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Sonae SGPS SA (YSO.LS)

YSO.LS on Lisbon Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Portugal's Sonae adds 140 mln euros to refinancing programme
Thursday, 10 Nov 2016 07:30am EST 

Portugal's largest retailer Sonae says in a statement: Is formalising with banks the refinancing of 140 million euros ($153 million) in long-term debt . Refinancing programme started in July is "practically finalised" . Has already refinanced 430 million euros in long-term debt and 350 million euros in short-term debt since July . With the additional refinancing, average debt maturity to increase to over four years . Expects full-life savings of around 35 percent of cost of refinanced lines. Average cost of credit lines used in programme was 1.4 percent at the end of September. . All structural needs covered for the next 18 months Further company coverage: [YSO.LS]($1 = 0.9177 euros) (Reporting by Andrei Khalip in Lisbon) ((andrei.khalip@thomsonreuters.com)).  Full Article

Sonae SGPS SA's Sonae RP completes sale and leaseback transaction worth 39.1 mln euros
Wednesday, 30 Mar 2016 09:59am EDT 

Sonae SGPS SA:Says that Sonae RP has completed sale and leaseback transaction of 4 food retail assets located in Portugal.Transaction totaled 39.1 million euros and is related to assets with an estimated net book value of 24.8 million euros.Says that transactions completed in 2016 amounted to 230.0 million euros, corresponded to assets with an estimated net book value of 155.9 million euros and were the result of sale and leaseback of 19 properties, 16 operated by Sonae MC in Portugal and 3 by Worten in Spain.Says these transactions resulted in a Sonae MC freehold of 53 percent.Says transactions are aligned with the company's strategy concerning monetization of its real estate assets.  Full Article

Sonae SGPS SA's Sonae RP completes sale and leaseback transaction worth 26.8 mln euros
Tuesday, 1 Mar 2016 01:44pm EST 

Sonae SGPS SA:Says that Sonae RP has completed the sale and leaseback transaction of 3 Worten stores in Spain, located in Madrid, Barcelona and Valencia.Transaction totalled 26.8 million euros and is related to assets with an estimated net book value of 17.1 million euros.Following this transaction, Sonae SR freehold decreased to 23 percent.Says transaction is aligned with company's strategy concerning the monetisation of its real estate assets.  Full Article

Sonae SGPS SA concludes sale and leaseback deal worth 164.0 million euros
Thursday, 25 Feb 2016 05:27pm EST 

Sonae SGPS SA:Says that it has successfully completed sale and leaseback transaction that totaled 164.0 million euros.Says transaction was previously disclosed to the market on Feb. 1 and related to 12 food retail assets located in Portugal, with estimated net book value of 114.4 million euros.  Full Article

Sonae SGPS SA completes 60 million euros bond issue
Thursday, 25 Feb 2016 02:30pm EST 

Sonae SGPS SA:Says it has completed bond issue by private placement, amounting to 60.0 million euros, unsecured, with maturity of 7 years.Says it has also acquired and amortized 100,000 bonds, issued on July 25, 2014 and amounting to 60.0 million euros.  Full Article

Sonae SGPS SA signs sale and leaseback deal for 164 mln euros
Monday, 1 Feb 2016 01:57am EST 

Sonae SGPS SA:Says that Sonae RP signed a promissory agreement, on Jan. 29, for the sale and leaseback transaction of 12 food retail assets located in Portugal.Transaction total value is of 164.0 million euros.Assets' under transaction estimated net book value is of 114.4 million euros.The definitive agreement is subject to the fulfillment of certain conditions by the parties and is expected to be signed by the end of Feb. 2016.Transaction is aligned with Sonae's strategy concerning the monetisation of its real estate assets.  Full Article

Sonae SGPS SA announces dividend payment date
Wednesday, 16 Dec 2015 12:48pm EST 

Sonae SGPS SA:Says that the free reserves in the amount of 77 million euros, corresponding to 0.0385 euro gross per share will be made available for payment to shareholders as from Dec. 29.Ex-dividend as from and including Dec. 24.  Full Article

Sonae SGPS SA announces cash settled equity swap term extension
Monday, 30 Nov 2015 05:09pm EST 

Sonae SGPS SA:Says that its wholly-owned subsidiary Sonae Investments BV and Banco BPI SA agreed to renew for one year, until Nov. 2016, a cash settled equity swap for 118.8 million company's shares, or 5.94 pct of its capital.Says that it entered into cash settled equity swap on Nov. 15, 2007.  Full Article

Sonae SGPS SA proposes distribution of free reserves
Monday, 23 Nov 2015 05:16pm EST 

Sonae SGPS SA:Says that it will propose at the shareholders meeting the distribution of free reserves in the amount of 77 million euros, corresponding to 0.0385 euro gross per share.  Full Article

Sonae SGPS SA buys Spain's kidswear wholesale Losan
Thursday, 19 Nov 2015 02:05pm EST 

Sonae SGPS SA:Says that it has acquired Losan, a Spanish company operating in the wholesale market, specialised in kidswear.Losan had 58.5 million euros of revenues in 2014; currently it sells in over 40 countries, having a particularly strong presence in Southern Europe and expanding into core Latin American markets.Says that the acquisition of Losan fits within two company's strategic priorities: the development of its core competencies and its international expansion.  Full Article

Sonae third-quarter profit, sales rise, beat expectations

LISBON Portugal's largest retailer, Sonae SGPS, posted on Wednesday a 35 percent rise in third-quarter net profit to beat expectations thanks to strong sales growth even as its profitability declined due to discounted prices in a near zero-inflation market.