November 30, 2018 / 6:27 AM / 10 days ago

BRIEF-Sonae Says Sonae MC Concludes Sale and Leaseback Deal Of 5 Food Retail Assets For 55 Mln Euros

Nov 30 (Reuters) - Sonae SGPS SA:

* SAID ON THURSDAY ITS UNIT SONAE MC SGPS SA CONCLUDED SALE AND LEASEBACK TRANSACTION OF 5 REAL ESTATE ASSETS DEDICATED TO FOOD RETAIL LOCATED IN PORTUGAL

* TRANSACTION TOTALLED 55.0 MILLION EUROS AND GENERATED AN ESTIMATED CAPITAL GAIN OF 25.3 MILLION EUROS

* FOLLOWING THIS OPERATION SONAE MC FREEHOLD OWNERSHIP IS AT 46 PERCENT

Source text: bit.ly/2rlAJoh

Further company coverage: (Gdynia Newsroom)

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