Brief: Sonae Reaches Preliminary Agreement With Bankinter To Create A Joint-Venture

Sonae SGPS SA

20/12/2022 17:44

Dec 20 (Reuters) - Sonae SGPS  YSO.LS :
    * INFORMS ABOUT PRELIMINARY AGREEMENT WITH BANKINTER FOR THE CREATION OF A JOINT-VENTURE
    * ESTABLISHES MAIN TERMS FOR CREATION OF LEADING CONSUMER CREDIT OPERATOR IN PORTUGAL WHICH
WILL
HAVE SONAE AND BANKINTER AS SHAREHOLDERS BOTH WITH 50% SHARE CAPITAL
    * PARTIES WILL CONTINUE TO WORK ON CLOSING TRANSACTION WHICH WILL INCLUDE BILATERAL DUE
DILIGENCE
PROCESS, NEGOTIATING BINDING CONTRACTS AND NECESSARY REGULATORY APPROVALS

Source text: https://bit.ly/3j93J0m
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