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Sonae Completes Sale Of MO And Zippy

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Sonae SGPS SA SON:

  • COMPLETION OF SALE OF MODALFA (MO) AND ZIPPY BY ITS SUBSIDIARY FASHION DIVISION

  • SALE TO CONSORTIUM COMPRISED OF FRANCISCO PIMENTEL, CURRENT CEO OF MO, AND FUNDO MERCÚRIO – FUNDO DE CAPITAL DE RISCO FECHADO

  • MO AND ZIPPY WILL REMAIN UNDER THE LEADERSHIP OF THEIR CURRENT MANAGEMENT TEAMS

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