Radar > 217414

Sonae Sierra does not exclude new acquisitions in Italy

Sonae Sierra não descarta novas aquisições em Itália

Intel ID : 217414
Synopsis

After Sonae Sierra and ING's sale of a 90% stake in shopping mall Le Terrazze to Union Investment, the Portuguese retail group continues to look for growth opportunities in Italy. The company is analyzing new development possibilities and/or acquisitions of existing shopping malls with evolution potential using Sonae Sierra's skills and expertize. The company also wants to expand its business services to third parties.
(content in portuguese)

Após a venda por parte da Sonae Sierra e da ING de 90% do centro comercial Le Terrazze à Union Investment, o grupo retalhista português tornou público que continua à procura de oportunidades de crescimento em Itália, analizando activamente novas possibilidades de desenvolvimento e/ ou aquisição de centros comerciais existentes, que tenham potencial para evoluir com as competências e experiência da Sonae Sierra, assim como expandir o negócio de prestação de serviços a terceiros.

Bidder


Intel ID 217414
Value ND
Native Currency Euro (EUR)
Financial Data - Sonae Sierra
(31 Dec 2023)
Revenue: EUR 254,38m
EBITDA: EUR 141,61m
Net Debt: EUR 156,43m
People: 738
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Bidder

Name
Subsector (Old TTR Sectors)
Real Estate and Construction / Real Estate (Primary)
Primary Sector (TTRSC)
25.03.01 Real Estate Development & Operating Companies
25 Financial Services / 25.03 Real Estate

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Website
Description

Legend:

verified Verified: Confirmed as a party to an active or possible transaction.

potential Potential: Unconfirmed as a party to an active or possible transaction.

retained Retained: Confirmed as “Retained” with a general or specific mandate.

prospect Prospect: Advisory “Prospect” in discussions with or pitching services to possible client.

Transactional data is continuously updated by the research team and therefore is subject to change.