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ReutersReuters

Sonae's Subsidiary Universo Completes Sale Of Its 50% Shareholding In MDS

SON

Sonae - SGPS SA SON:

  • ITS SUBSIDIARY UNIVERSO, GC, SA HAS COMPLETED THE SALE OF ITS 50% SHAREHOLDING IN MDS SGPS TO ARDONAGH GLOBAL PARTNERS - PROJECT MACAU

  • TRANSACTION NOW COMPLETED RESULTS IN PROCEEDS OF 104 MILLION EUROS AND A CAPITAL GAIN OF 79 MILLION EUROS FOR SONAE

  • THIS TRANSACTION WILL NOT IMPACT SOANE'S CONSOLIDATED TURNOVER NOR UNDERLYING EBITDA, AS MDS WAS ALREADY CONSOLIDATED THROUGH EQUITY METHOD IN GROUP'S ACCOUNTS

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