Sonae Capital IPO slated for Q4 - analyst |
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Published
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Thu, 26 Jul 2007 09:36
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LISBON (Thomson Financial) - Sonae SGPS unit Sonae Capital's awaited IPO will take place in the fourth quarter of this year, BCP analyst Nuno Viera said in a note to clients following a company visit where he met the conglomerate's chairman Paulo Azevedo.Sonae Capital was largely expected to be spun off from its parent this year.Viera said that Sonae Capital's primary source of value will be its tourism and realty assets.BCP rates Sonae's parent as are duce' with a 1.97 eur per share price target.jonathan.gleave@thomson.comjg/ejpCOPYRIGHTCopyright AFX News Limited 2007. All rights reserved.The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.
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Sonae Capital sells French plywood co Plysorol for 30 mln eur UPDATE 