Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Euronext Lisbonne  >  Sonae Capital    SONC   PTSNP0AE0008

SONAE CAPITAL

(SONC)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector news

Sonae Capital : SGPS, SA informs on the acquisition of a portfolio of six cogeneration power plants in Spain

10/22/2020 | 04:25pm EST

SONAE CAPITAL, SGPS, SA

Publicly Traded Company

Registered Office: Lugar do Espido, Via Norte, Maia

Share Capital: € 250,000,000.00

Registered at the Commercial Registry of Maia

Registration and Tax Nr. 508 276 756

(Translation from the Portuguese original)

ANNOUNCEMENT OF MATERIAL EVENT

Sonae Capital, SGPS, S.A. informs that its subsidiary Capwatt Power España has signed today, with Ignis Capital, SL., a contract under which it has acquired a portfolio of six cogeneration plants located in Spain, in the regions of Catalonia, Aragon and Castilla y Leon.

These cogeneration power plants operate in the pig slurry treatment, playing an important environmental role. All the plants work exclusively with natural gas, and the thermal energy produced is entirely consumed in the pig slurry treatment. In addition to the revenues from the electric energy produced, these plants also generate revenues driven by the dehydration of the pig slurry and its incorporation into fertilizers.

The acquired assets have a global installed capacity of 88 MW, corresponding to approximately 24% of the cogeneration capacity installed in the pig slurry treatment sector in Spain.

This acquisition is part of Capwatt growth strategy as a promoter of integrated energy solutions, allowing the company to more than double the current installed capacity (which will increase from 77 MW to 165 MW), while allowing Capwatt to reinforce its presence in the Spanish market.

The Enterprise Value of this operation amounts to 75 million euros, of which 62 million euros were paid today, and the remaining will be subject to the fulfilment of a ser of conditions, being paid, at the latest by the end of 2025. This acquisition was financed with an appropriate mix of equity and debt.

Maia, 22 October 2020

The Representative for Capital Market Relations,

Head Office

Lugar do Espido, Via Norte

Apartado 3053 | 4471-907 Maia

Portugal

For further information, please contact Sonae Capital Investor Relations Department:

Nuno Parreiro

  1. ir@sonaecapital.pt T. 22 010 79 11

www.sonaecapital.pt

This is an excerpt of the original content. To continue reading it, access the original document here.

Disclaimer

Sonae Capital SGPS SA published this content on 22 October 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 October 2020 20:24:03 UTC


© Publicnow 2020
All news about SONAE CAPITAL
04:45aSONAE CAPITAL : SGPS, SA informs on interest payment of Sonae Capital 2019-2024 ..
PU
11/20SONAE CAPITAL : SGPS, SA informs on transaction by persons closely associated wi..
PU
11/19SONAE CAPITAL : SGPS, SA informs on transaction by persons closely associated wi..
PU
11/18SONAE CAPITAL : SGPS, S.A. informs on sale of the real estate asset in which the..
PU
11/16SONAE CAPITAL : SGPS, SA informs on transaction by persons closely associated wi..
PU
11/11SONAE CAPITAL : SGPS, SA informs on transaction by persons closely associated wi..
PU
11/10SONAE CAPITAL : SGPS, SA informs on transaction by persons closely associated wi..
PU
11/05SONAE CAPITAL : SGPS, SA informs on transaction by person discharging managerial..
PU
11/05SONAE CAPITAL : 3rd quarter results
CO
11/04SONAE CAPITAL : SGPS, S.A. informs on Qualified Holding
PU
More news
Financials
Sales 2020 275 M 327 M 327 M
Net income 2020 -21,5 M -25,6 M -25,6 M
Net Debt 2020 218 M 259 M 259 M
P/E ratio 2020 -8,56x
Yield 2020 -
Capitalization 190 M 226 M 226 M
EV / Sales 2020 1,48x
EV / Sales 2021 0,96x
Nbr of Employees 1 344
Free-Float 5,57%
Chart SONAE CAPITAL
Duration : Period :
Sonae Capital Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends SONAE CAPITAL
Short TermMid-TermLong Term
TrendsBullishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 2
Average target price 1,10 €
Last Close Price 0,77 €
Spread / Highest target 42,9%
Spread / Average Target 42,9%
Spread / Lowest Target 42,9%
EPS Revisions
Managers
NameTitle
Miguel Jorge Moreira da Cruz Gil Mata Chief Executive Officer & Executive Director
Ângelo Gabriel Ribeirinho dos Santos Paupério Non-Executive Director
Duarte Paulo Teixeira de Azevedo Chairman
Ivone Maria Pinho Teixeira da Silva Chief Financial Officer & Executive Director
Álvaro Carmona e Costa Portela Vice Chairman
Sector and Competitors
1st jan.Capitalization (M$)
SONAE CAPITAL2.26%226
HONEYWELL INTERNATIONAL INC.17.45%145 873
SIEMENS AG-3.57%106 087
3M COMPANY0.37%102 144
GENERAL ELECTRIC COMPANY-6.36%91 541
ILLINOIS TOOL WORKS INC.18.19%67 200