Brief: Sonae Completes Sale Of Entire Stake Of 30% Minus 1 Share In Iberian Sports Retail Group
11/10/2023 07:12
Oct 11 (Reuters) - Sonae SGPS SA YSO.LS :
* COMPLETES SALE OF ITS ENTIRE STAKE OF 30% MINUS 1 SHARE IN
IBERIAN SPORTS RETAIL GROUP TO JD SPORTS FASHION
* RECEIVED A TOTAL CONSIDERATION OF €300 MILLION, AND A
CAPITAL
GAIN OF €168 MILLION WILL BE REGISTERED IN ITS FOURTH QUARTER
2023 CONSOLIDATED RESULTS
* TRANSACTION DOES NOT IMPACT SONAE'S CONSOLIDATED TURNOVER
NOR
UNDERLYING EBITDA, AS ISRG WAS CONSOLIDATED THROUGH EQUITY
METHOD IN SONAE'S ACCOUNT
* IN 12 MONTHS UP TO JUNE 30, 2023, ISRG'S CONTRIBUTION TO
SONAE'S
CONSOLIDATED EBITDA (THROUGH EQUITY METHOD) AMOUNTED TO 19
MILLION EUROS
Source text: https://tinyurl.com/yck2kwy7
Further company coverage: YSO.LS
(Gdansk Newsroom)
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