The Sonae – SGPS reported that its subsidiary Sonae MC reached an agreement with the shareholders of Go Well – promoção de Eventos Catering e Consultoria for the acquisition of a 51% stake in its capital.
“This acquisition is aligned with the ambition of Sonae MC to increase their presence in Health & Wellness, in particular in the segment of healthy eating, and is based on the strategic pillar of Sonae: strengthen and leverage its asset base and key competences”, stressed in a statement to the CMVM the listed co-led by Paulo Azevedo Ângelo Paupério (in the photo).
The implementation of this transaction is subject to approval from the Competition Authority, and is also dependent on the production of a set of agreements with third parties, adds the document.
The Go as Well as operates 22 restaurants specialized in healthy food in Portugal, typically located in shopping centers, and boasts a variety of concepts such as ‘ grab&go, sushibar, made in the hour-and-breakfast.
The company operates exclusively under the brand name “Go Natural” and recorded, in 2015, a turnover of 6.4 million euros, refers to the advisory.
The business of food retail Sonae SGPS is concentrated in Sonae MC and includes hypermarkets (Continent), supermarkets (Mainland) Model, and Good Day), and franchising (My Super).
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