SONAE HAS GREEN LIGHT TO CONTROL SONAE SIERRA

SONAE HAS GREEN LIGHT TO CONTROL SONAE SIERRA

 

In a statement referred by Lusa, the decision is justified with the fact that Sonae already controlled Sonae Sierra before this acquisition, announced in July. The transaction includes the purchase of a stake of 20% for €255 million from Grosvenor, strengthening Sonae's position in the real estate business to 70% of its capital.

Iberian Property logo Iberinmo logo
Iberian Property is the best platform for investment in Spain & Portugal. Created for those who seek reliable information about players and deals happening in Iberia. Through updated database, reports, market indicators and daily news, we report “Who’s Who” in Iberian Real Estate!. Iberian Property is also proud to organize the most important international real estate investors’ meeting in Iberia - Portugal Real Estate Summit!