Portugal – CMVM Efanor Takeover of Sonae

Portugal – CMVM Efanor Takeover of Sonae

On 6 October 2020, POR CMVM issued FAQ on Efanor Investment takeover bids.

  • POR CMVM issued FAQ on Efanor takeover bids on Sonae Indústria and Sonae Capital.

Overview

  • To clarify to market and general public aspects of takeover bids (independent of each other) of Efanor Investimentos, SGPS SA (Efanor) on totality of shares representing.
  • Share capital of Sonae Indústria, SGPS, SA and Sonae Capital-SGPS, SA (i.e. OPAs).
  • They cover aspects such as where and how often information on the operations can be consulted; nature of the takeover bids and Efanor's objectives; if Sonae Indústria and Sonae Capital will stop having their shares listed on market following the takeover.
  • If so, whether shareholders who reject offer be entitled to any compensation, etc.