Maia, 25 July 2017
Sonae – SGPS, SA hereby reports that Sonae RP concluded, today, the sale and leaseback transaction of 4 food retail assets located in Portugal. This transaction totaled 34.7 million euros and has generated an estimated capital gain of 10.3 million euros. This has resulted in a Sonae MC freehold of 48%.
This transaction is aligned with Sonae's disclosed strategy concerning the monetisation of its real estate assets, while also maintaining adequate operational flexibility.
On behalf of the Board of Directors,