Portugal Economy Probe PEProbe

Sonae is a retail company that operates both food and non food stores, with two major partnerships in the shopping centres (Sonae Sierra, 50% ownership) and telecommunications (Sonaecom, 53% ownership) sectors. The company is the leading food retailer in Portugal, through the “Continente” brand, and has a strong presence in Iberia in the segments of sports goods, apparel and consumer electronics. Sonae’s consolidated turnover exceeded € 5.7bn in 2011. The group employs over 40 thousand employees across its businesses. Leveraging on the exceptional asset base in Portugal and on its resources and key competences, Sonae is now aiming to create value and generate growth via international expansion and a diversification of investment styles.