Sonae mc

sonae mc

What does Sonae MC stand for?

Sonae MC, SGPS, SA (hereinafter referred to as Sonae MC) is the Sonae Group company which aggregates the Groups food retail business, as well as the management and operation of real estate assets to support this activity.

What happened to Sonae MC?

Sonae MC, with the aim of becoming a group exclusively for food retail and adjacent businesses, developed in 2018 a reorganization of participations, having caused the disposal to related parties of Worten, Sonae Sports Fashion, Sonae FS, Tlantic group, Real estate not related to the food retail business and participation in MDS SGPS, SA.

Does Sonae MC have a performance bonus policy?

In 2018 and in previous years, in accordance with the remuneration policy described in the corporate governance report, Sonae MC granted deferred performance bonuses to its directors and eligible employees based on Sonae SGPS, SA shares to be acquired at null cost or discounted, three years after they were attributed to the employee.

Is Sonae owned by Modelo Continente?

As at 17 September 2018 a subsidiary Company, Modelo Continente, SGPS, SA (Ex: Sonae MC – Modelo Continente, SGPS, SA) sold 100,000,000 Sonae MC, SGPS, SA shares to Sonae, SGPS.

What does Sonae do?

Sonae is a multinational business group based in Porto, Portugal. It is present in 90 countries, operating in several sectors, including retail, financial services, shopping centres management, software and information systems, media and telecommunications. [1]

Is Sonae listed on the stock market?

[2] Sonae is listed on the Euronext PSI-20 in Lisbon, under the code SON. [3] In the first quarter of 2018, Sonaes turnover amounted to 2,680 million euros, with net results in the order of 98 million euros, more 34.2% than the same period last year.

What is Sonae capital?

With autonomy since 2007, there is Sonae Capital, presided by Cláudia Azevedo, daughter of Belmiro de Azevedo, with three main business areas: Sonae Turismo: Business developer in the resorts, hotel and fitness areas.

What is the history of Sonae?

Sonae was founded in 1959 by the entrepreneur, banker and patron from Arouca, Afonso Pinto de Magalhães. The business group originated from the Sociedade Nacional de Estratificados, an industrial company operating in the area of processed wood, more specifically, in the production of decorative high-pressure laminated panels. [5]

How much is Sonae MC worth?

Prospectus for admission to trading Sonae MC has been published. This subsidiary company is being valued between 1.400 and 1650 mln euros. And the current market cap of Sonae SGPS (the parent) is 1.609 mln euros. I never like to work too hard to understand an investment.

What does Sonae do?

Sonae is a multinational business group based in Porto, Portugal. It is present in 90 countries, operating in several sectors, including retail, financial services, shopping centres management, software and information systems, media and telecommunications. [1]

Is Sonae listed on the stock market?

[2] Sonae is listed on the Euronext PSI-20 in Lisbon, under the code SON. [3] In the first quarter of 2018, Sonaes turnover amounted to 2,680 million euros, with net results in the order of 98 million euros, more 34.2% than the same period last year.

How much is the turnover of Sonae?

In the first quarter of 2018, Sonaes turnover amounted to 2,680 million euros, with net results in the order of 98 million euros, more 34.2% than the same period last year. [4] Sonae was founded in 1959 by the entrepreneur, banker and patron from Arouca, Afonso Pinto de Magalhães.

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