Sonae fails OPA at Sonaecom. Minority shareholders refuse to sell shares – Executive Digest

The Public Offer for Acquisition (OPA) of Sonae in Sonaecom ended this Monday, and was rejected by the owners who refused to sell the shares for 2.50 euros.

“The consideration given is 2.50 euros per share, which is paid in cash, money that will be changed in the distribution of shares, reserves or other”, mentioned Sonae in his statement on the day of communication of the intention.

A more The leaders of the Securities Market Commission (CMVM) say that the company led by Cláudia Azevedo managed to buy only 474,239 shares from minority shareholders, reaching 88.837% of the share capital.

It previously held 88.36% of Sonaecom’s share capital and 89.97% of voting rights.

The OPA, common and voluntary, was part of Sonae’s strategy of “profile management and simplification of corporate management”, which wanted to “focus on its field of activity and strengthen its transparency in other sectors.”
about the events that they know well and that they already have”, it told the CMVM.

Source: CMVM

It should be remembered that it was on December 21st that Sonae announced the OPA for the shares not held by Sonaecom, considering 2.50 euros per share, and Maxyield – Clube dos Pequenos Acianistas considering that the price offered by Sonae in the project is “unjustified” and that it is “not considered”.

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