DAUGHTER OF THE OWNER OF ZARA BUYS PART OF TROY IN PORTUGAL FOR 50 M €

Sonae Capital intends to sell a series of properties in Tróia to the ROSP Group for a total value of 50 million euros. This is the Group of Sandra Ortega daughter of the owner of Inditex, who owns Zara.

Rosp Corunna Participaciones Empresariales S.L. is the group through which Sandra Ortega manages its participation in Inditex, the real estate properties and capital companies that it owns and which, in the end of 2015, amounted to 5,454 million euros.

Sonae Capital, in a statement sent today to the Securities and Exchange Commission (CMVM), informs that through its subsidiary Soltroia, "it entered into a promise to buy and sell a set of real estate assets in Troia called UNOP 7, 8 and 9, for the global amount of 50 million euros, with the ROSP Group. "

The Portuguese company also indicates that the deed will be carried out "once a set of contractual conditions have been verified" and guarantees that the total amount of the transaction is already received ".

According to Sonae Capital, the project to be implemented by the ROSP Group includes the "design and operation of a high-quality, low-density tourism development" and "contacts with local and central authorities will have already begun to ensure Sustainability of the project ".

According to Lusa, Sonae Capital posted profits of 13.2 million euros in the first nine months of this year, 10.15 million more than in the same period of the previous year, an increase in net results that was due to " Performance in terms of investment results, following the added value associated with the sale of the Norscut and Operscut subsidiaries. "

Between January and September, Sonae Capital increased its consolidated turnover by 6% to € 125.16 million, "with most of the business showing double-digit growth compared to the same period last year", despite the decrease in the segments Of energy and of the 'resorts'.

SAISI