Sonae SGPS (GB:0ML0) has released an update.
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Sonae SGPS finalizes a strategic partnership by merging its subsidiary MCretail with Druni SA and Arenal Perfumerias SLU, creating the Spanish leader in health and beauty retail with a turnover exceeding one billion euros. The deal includes a 50% stake exchange and an investment from MC, positioning Sonae for stronger international presence and retail growth. Druni’s robust performance, with a turnover of 791 million euros in 2023, bolsters Sonae’s strategic focus on health, wellness, and beauty sectors.
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