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Sonae SGPS SA (YSO.LS)

YSO.LS on Lisbon Stock Exchange

0.81EUR
12 Dec 2018
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€0.01 (+1.88%)
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Latest Key Developments (Source: Significant Developments)

Sonae Says Sonae MC Concludes Sale and Leaseback Deal Of 5 Food Retail Assets For 55 Mln Euros
Friday, 30 Nov 2018 01:24am EST 

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.  Full Article

Sonae Launches IPO Of Sonae MC On Euronex Lisbon At Eur 1.40 - Eur 1.65/Shr
Friday, 5 Oct 2018 02:00am EDT 

Oct 5 (Reuters) - Sonae SGPS SA ::SAID ON THURSDAY IT HAD LAUNCHED INITIAL PUBLIC OFFERING (IPO) OF SONAE MC ON EURONEXT LISBON WITH A PRICE RANGE OF 1.40 EUROS TO 1.65 EUROS PER SHARE.THE PRICE IMPLIES A BASE OFFER SIZE OF ABOUT 304 MILLION EUROS TO 359 MILLION EUROS.THE ALL-SECONDARY OFFERING CONSISTS OF 217,360,000 ORDINARY SHARES, WITH AN OVER-ALLOTMENT OPTION OF UP TO 32,600,000 ORDINARY SHARES .SELLING SHAREHOLDER IS OFFERING SHARES TO BOTH RETAIL AND INSTITUTIONAL INVESTORS AND SONAE SGPS PLANS TO REMAIN THE MAJORITY SHAREHOLDER IN SONAE MC.FREE FLOAT OF SONAE MC IS EXPECTED TO AMOUNT TO 21.74 PERCENT BEFORE EXERCISE OF THE OVERALLOTMENT OPTION AND TO 25.00 PERCENT IF THE OVER-ALLOTMENT OPTION IS EXERCISED IN FULL.THE LISTING AND FIRST DAY OF UNCONDITIONAL TRADING OF THE SHARES ON EURONEXT LISBON IS EXPECTED TO TAKE PLACE ON OCTOBER 23, 2018 .THE FINAL OFFER PRICE IS EXPECTED TO BE PUBLISHED ON OCTOBER 18, 2018.BARCLAYS, BNP PARIBAS AND DEUTSCHE BANK ARE ACTING AS JOINT GLOBAL COORDINATORS FOR THE OFFER AND JOINT BOOKRUNNERS FOR THE INSTITUTIONAL OFFERING TOGETHER WITH BANCO SANTANDER, CAIXABANK BPI, AND CAIXABI.  Full Article

Sonae: Unit Buys Corpfin Capital's 60 Pct Stake In Tomenider
Monday, 1 Oct 2018 02:33am EDT 

Oct 1 (Reuters) - Sonae SGPS SA ::SAID ON FRIDAY ITS UNIT MODELO CONTINENTE HIPERMERCADOS S.A. AGREED WITH CORPFIN CAPITAL TO BUY ITS 60 PERCENT STAKE IN TOMENIDER SL, OWNER OF ARENAL PERFUMERIAS, FOR AROUND 45 MILLION EUROS.VAZQUEZ FAMILY WILL CONTINUE MANAGING THE BUSINESS, MAINTAINING 40 PERCENT STAKE IN TOMENIDER.TRANSACTION IS EXPECTED TO BE CONCLUDED DURING Q1 2019.  Full Article

Sonae Concludes Purchase Of 20 Pct Stake In Sonae Sierra
Wednesday, 12 Sep 2018 12:48pm EDT 

Sept 12 (Reuters) - Sonae SGPS SA ::SAYS CONCLUDES PURCHASE OF 20 PERCENT STAKE IN SONAE SIERRA FROM GROSVENOR FOR 255.9 MILLION EUROS.  Full Article

Sonae Appoints Claudia Azevedo As CEO
Wednesday, 18 Jul 2018 01:52am EDT 

July 18 (Reuters) - SONAE SGPS SA ::SAID ON TUESDAY, IN ACCORDANCE WITH REQUEST FROM MAJORITY SHAREHOLDER EFANOR INVESTIMENTOS, THAT IT APPOINTS CLÁUDIA AZEVEDO FOR THE ROLE OF NEW CEO .CURRENT CO-CEOS PAULO AZEVEDO AND ÂNGELO PAUPÉRIO WILL KEEP PRESENCE AT BOARD IN NON-EXECUTIVE ROLES .BOARD OF SONAE CAPITAL <<>> RESOLVES TO APPOINT MIGUEL GIL MATA FOR POSITION OF CEO FOLLOWING CLÁUDIA AZEVEDO'S DECISION TO RESIGN.  Full Article

CTT And Sonae To Create JV And Exploit Business Opportunity In E-Commerce Market
Friday, 15 Jun 2018 01:40am EDT 

June 15 (Reuters) - CTT Correios de Portugal SA ::SAID ON THURSDAY ENTERED INTO AGREEMENT WITH SONAE SGPS SA TO CREATE JOINT VENTURE TO EXPLOIT BUSINESS OPPORTUNITY IN E-COMMERCE MARKET.SAYS CREATED COMPANY WILL HAVE SONAE (50 PERCENT) AND CTT (50 PERCENT) AS ITS SHAREHOLDERS.IMPLEMENTATION OF PROJECT INVOLVES INVESTMENT OF 10 TO 15 MILLION EUROS IN FIRST TWO YEARS OF OPERATION, EQUALLY SPLIT BETWEEN THE TWO COMPANIES.CREATED E-COMMERCE PLATFORM TO PROVIDE INTEGRATED SERVICES FOR INTERMEDIATION OF COMMERCIAL RELATIONS BETWEEN SELLERS AND CONSUMERS.  Full Article

Sonae IM says adds Spain's Nextel to cyber security unit
Friday, 8 Jun 2018 04:00am EDT 

June 8 (Reuters) - Sonae Investment Management, a unit of Portugal's retail group Sonae SGPS SA says in a statement::AGREED TO MERGE ITS CYBER SECURITY UNIT S21SEC WITH SPAIN'S NEXTEL.ADDS CLIENTS IN SPAIN, LATIN AMERICA.REINFORCES LEADING POSITION IN IBERIAN MARKET, WILL SEEK TO BECOME EUROPEAN LEADER.DOES NOT DISCLOSE THE VALUE OF THE DEAL.COMBINED UNIT WILL HAVE 400 PROFESSIONALS.  Full Article

Sonae Continues To Evaluate Listing Of Its Retail Portfolio
Tuesday, 22 May 2018 01:19am EDT 

May 22 (Reuters) - SONAE SGPS SA ::SAID LATE ON MONDAY BOARD CONTINUES TO EVALUATE POTENTIAL LISTING OF PART OF COMPANY'S RETAIL PORTFOLIO, IN WHICH SONAE WOULD MAINTAIN A MAJORITY SHAREHOLDING.THE RETAIL PORTFOLIO WHICH WOULD POTENTIALLY BE LISTED MAINLY INCLUDES COMPANY'S FOOD RETAIL BUSINESS (SONAE MC) AND THE ENTITY THAT MANAGES ITS REAL ESTATE PROPERTIES (SONAE RP) .SONAE HAS APPOINTED BARCLAYS, BNP PARIBAS AND DEUTSCHE BANK TO ARRANGE EXPLORATORY MEETINGS WITH POTENTIAL INVESTORS FOR A POSSIBLE INITIAL PUBLIC OFFERING (IPO).NO FORMAL DECISION HAS BEEN TAKEN AT THIS STAGE.  Full Article

Sonae Q1 Underlying EBITDA Up 11 Pct At 57 Mln Euros YoY
Friday, 18 May 2018 01:52am EDT 

May 18 (Reuters) - SONAE SGPS SA ::SAID ON THURSDAY Q1 NET PROFIT 20 MILLION EUROS VERSUS 8 MILLION EUROS YEAR AGO.Q1 UNDERLYING EBITDA 57 MILLLION EUROS VERSUS 51 MILLION EUROS YEAR AGO .Q1 TURNOVER 1.34 BILLION EUROS VERSUS 1.23 BILLION EUROS YEAR AGO.  Full Article

Sonae FY Net Profit Down 22.9 Pct At 165.8 Mln Euros YoY
Thursday, 15 Mar 2018 03:44am EDT 

March 15 (Reuters) - SONAE SGPS SA ::FY UNDERLYING EBITDA 336 MILLION EUROS VERSUS 315 MILLION EUROS YEAR AGO.FY NET PROFIT 165.8 MILLION EUROS VERSUS 215 MILLION EUROS YEAR AGO.FY TURNOVER 5.71 BILLION EUROS VERSUS 5.33 BILLION EUROS YEAR AGO.TO PROPOSE GROSS DIVIDEND OF 0.042 EUROS PER SHARE.SAYS BOARD IS ANALYZING OPPORTUNITY OF POTENTIAL LISTING OF RETAIL PORTFOLIO, IN WHICH SONAE WILL RETAIN ITS MAJORITY SHAREHOLDING.SAYS AT THIS STAGE NO FORMAL DECISION HAS BEEN TAKEN AND FURTHER DETAILS WILL BE PROVIDED IN DUE COURSE.  Full Article

BRIEF-Sonae Says Competition Authorities Approve Acquisition Of 60 Stake In Tomenider

* SAID ON TUESDAY THAT THE TRANSACTION REGARDING THE ACQUISITION OF A 60% STAKE IN TOMENIDER SL HAD BEEN APPROVED BY THE COMPETENT COMPETITION AUTHORITIES