Sonae SGPS (GB:0ML0) has released an update.
Claim 70% Off TipRanks This Holiday Season
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
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.
For further insights into GB:0ML0 stock, check out TipRanks’ Stock Analysis page.