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Sonae MC sells and rents 55 million – a trade



Sonae MC, a subsidiary of Sonae, on Thursday announced the sale and lease of five five-seater food retail stores worth EUR 55 million, said a company led by Paulo Azevedo in communications sent to the Portuguese Securities Market Commission (CMVM).

The company says the operation "generated an estimated capital gain of EUR 25.3 million".

After this job, "Sonae MC's level of free assets was 46%," Sonae points out.

"This transaction is in line with the strategy announced by Sonae for earning its real estate, while maintaining an adequate level of operational flexibility," concludes the document.


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