Chat with Filing

Ask questions about this document

Please log in or register to use the chat feature. Please register first.

TAR - the completion of the sale of Modalfa ' Comércio e Serviços, SA and Zippy ' Comércio e Distribuição, SA by its subsidiary Fashion Division, SA

Company: Sonae SGPS Date: 2025-07-24 Language: English Register to download

Loading document preview...

Document Preview Not Available

The file type (.pdf) cannot be displayed directly here.

Open Original File

Error loading document preview. Please try the 'Open Original File' link.

You're One Click Away From The Full Filing

Instantly access this document—and 2.8M more—for free. Select your preferred method:

Continue with Google Continue with Microsoft Continue with Facebook Continue with Amazon

![](_page_0_Picture_0.jpeg)

![](_page_0_Picture_1.jpeg)

Maia, 24th July 2025

Sonae - SGPS, S.A. ("Sonae") informs, further to the announcement dated 26 May 2025, that its subsidiary Fashion Division, S.A. has completed the sale of Modalfa - Comércio e Serviços, S.A. ("MO") and Zippy - Comércio e Distribuição, S.A., including its subsidiaries ("Zippy"), to a consortium comprised of Francisco Pimentel, current CEO of MO, and Fundo Mercúrio – Fundo de Capital de Risco Fechado, a private equity fund managed by Oxy Capital.

MO is a retailer of clothing, footwear, and accessories for the whole family, with a significant nationwide presence in Portugal, while Zippy specialises in clothing, footwear, and accessories for babies and children, operating through both own stores and franchising agreements, with a relevant international footprint.

This transaction is fully aligned with Sonae's active portfolio management strategy, which aims to deliver longterm value to shareholders by continuously managing its portfolio of businesses and ensuring the best possible conditions for its companies to succeed.

MO and Zippy will remain under the leadership of their current management teams. Sonae reiterates its best wishes for continued success to both companies, their employees, leadership teams, and all other stakeholders in this new chapter.

The Representative for Market Relations,