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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