Sonae Capital SGPS SA informs about the sale of Contacto – Sociedade de Construções, SA



Head Office: Lugar do Espido, Via Norte, Maia
Share Capital : € 250.000.000,00
Maia Commercial Registry and Fiscal Number508276756
Sociedade Aberta


Sonae Capital, SGPS, SA (Sonae Capital) announces that its subsidiary SC – Engenharia e Promoção Imobiliária, SGPS, SA (SC EPI) has agreed today with Soares da Costa, Construção, SGPS, SA (Soares da Costa Construção) the terms for the definitive acquisition by the latter of the shares representing the whole of the share capital of Contacto – Sociedade de Construções, SA (Company), for the global consideration of 81 million euros – assuming the amount of cash and cash equivalents included in the balance sheet of the Company as at 30 September 2007 – which will generate a net cash inflow of 17.5 million euros.

SC EPI has received today from Soares da Costa Construção 17.5 million euros and the remaining consideration will be payable on the date of the transfer of shares, taking into account the cash and cash equivalents of the Company on that date.

Using information as at 30 September 2007, the impact of the transaction in the 2008 consolidated results of Sonae Capital is estimated to be circa 47 million euros.

For a period of 5 years, the consideration may be adjusted (either positively or negatively) up to 5 million euros depending on the performance of the Company.

This transaction is part of the revision of the business portfolio of Sonae Capital and all the necessary contractual conditions have been agreed to ensure its exit from the construction business.


Maia, 3 January 2008
The Representative for Capital Market Relations

This information is also available

Investor Relations Department:
Pedro Capitão
Tel: +351 22 010 79 03
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.