EDP accused of abusing its dominant position
The competition authority is suing Portugal’s electricity giant EDP for €140 million for damages to the electricity system and final customers by abusing its position of dominance in the market. [...]
Sonae IM nets €57.8 million from FCR Armilar Venture Partners II fund
Sonaecom, SGPS’s subsidiary Sonae Investment Management – Software and Technology (Sonae IM) as investor in the FCR Armilar Ventures Partners II fund, will receive €57 million net at the [...]
Sonae profits double to €21 million
Portuguese multinational Sonae’s profits more than doubled from €9 million to €21 million in the first quarter of 2018 compared to the same period in 2017. The 8.7% increase is largely down to [...]
Sonae Indústria shares fall 9% on Lisbon stock market
The fall occurred after Teak Capital reduced its share purchasing option to just 4.4% of the total listed capital in the wood-based panel producer. Sonae group shares fell 8.91% to €2.76 [...]
