July 16, 2018 / 5:37 AM / 5 months ago

BRIEF-Sonae Buys 20 Pct of Sonae Sierra For 255 Mln Euros

July, 16 (Reuters) - Sonae SGPS SA (Sonae):

* SAID ON SATURDAY IT AGREED TO BUY 20 PERCENT STAKE OF SONAE SIERRA FOR 255 MILLION EUROS FROM GROSVENOR GROUP

* GROSVENOR GROUP WILL CONTINUE TO BE ITS STRATEGIC PARTNER IN SONAE SIERRA, WHILST RETAINING ADEQUATE EXIT RIGHTS FOR MINORITY SHAREHOLDER

Source text: bit.ly/2mjjlhd

Further company coverage: (Gdynia Newsroom)

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