PORTUGAL – On July 3rd Sonae Indústria, SGPS, S.A. (“Sonae Indústria”) announced that its affiliates, Tafisa France SAS and Taiber (Tableros Aglomerados Ibéricos, SL), sold 100% of the Share Capital of Darbo SAS (owner of the Linxe plant, located in France). 

The buyer is an affiliate of Gramax Capital, a Swiss-German based private investment group.

The present transaction is estimated to have a negative impact of approximately four million Euros on the consolidated shareholders’ funds of Sonae Indústria.

With this transaction, Sonae Indústria concludes the process of selling all assets that had been considered as discontinued operations at the end of 2014.

The board manufacturer stated in a notice to the market, “After completion of the planned optimization of its industrial footprint, Sonae Industria will now be firmly focused on achieving both operational excellence and a much higher market and customer orientation, aimed at creating more value for its customers and the company.”