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Sonae
Sonae is a multinational business group based in Maia, Porto District, Portugal. It is present in 90 countries, operating in several sectors, including retail, financial services, shopping centres management, software and information systems, media and telecommunication It is the largest private employer in Portugal, with 53,794 employee Sonae is listed on the Euronext PSI-20 in Lisbon, under the code SO In the first quarter of 2018, Sonae's turnover amounted to 2,680 million euros, with net results in the order of 98 million euros, more 34.2% than the same period last yea History Sonae was founded in 1959 by the entrepreneur, banker and patron from Arouca, Portugal, Arouca, Afonso Pinto de Magalhães. The business group originated from the Sociedade Nacional de Estratificados, an industrial company operating in the area of processed wood, more specifically, in the production of decorative high-pressure laminated panelDuring the first two decades of existence, Sonae rema ...
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Sonae IM
Sonae is a multinational business group based in Maia, Porto District, Portugal. It is present in 90 countries, operating in several sectors, including retail, financial services, shopping centres management, software and information systems, media and telecommunication It is the largest private employer in Portugal, with 53,794 employee Sonae is listed on the Euronext PSI-20 in Lisbon, under the code SO In the first quarter of 2018, Sonae's turnover amounted to 2,680 million euros, with net results in the order of 98 million euros, more 34.2% than the same period last yea History Sonae was founded in 1959 by the entrepreneur, banker and patron from Arouca, Portugal, Arouca, Afonso Pinto de Magalhães. The business group originated from the Sociedade Nacional de Estratificados, an industrial company operating in the area of processed wood, more specifically, in the production of decorative high-pressure laminated panelDuring the first two decades of existence, Sonae remai ...
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Continente Bom Dia
Continente is a retail chain that belongs to Sonae Distribuição, the largest retailer in Portugal. The hypermarket Continente chain is in spread all over continental Portugal as well on Madeira and in the Azores. The supermarket chain Continente Modelo, formerly named just Modelo, has also a nationwide presence. Sonae Distribuição, SGPS, SA, is a subsidiary company of Sonae SGPS. History Sonae Distribuição started in 1985 by the merger of two large retailers, Modelo and Continente. Modelo was owned by the Sonae holding, while Continente was the Portuguese and Spanish operation of the French retailer Promodès, known by the ensign Continent elsewhere. Thus, it was part-owned by its French competitor, Carrefour, who sold their stake to Sonae for €345 million on 16 November 2004. In 2008, Carrefour sold its Portuguese retail ventures existing under the Carrefour ensign to Sonae. Continente used to have one branch in Dubai, which was later purchased by Carrefour. The Con ...
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Continente
Continente is a retail chain that belongs to Sonae Distribuição, the largest retailer in Portugal. The hypermarket Continente chain is in spread all over continental Portugal as well on Madeira and in the Azores. The supermarket chain Continente Modelo, formerly named just Modelo, has also a nationwide presence. Sonae Distribuição, SGPS, SA, is a subsidiary company of Sonae SGPS. History Sonae Distribuição started in 1985 by the merger of two large retailers, Modelo and Continente. Modelo was owned by the Sonae holding, while Continente was the Portuguese and Spanish operation of the French retailer Promodès, known by the ensign Continent elsewhere. Thus, it was part-owned by its French competitor, Carrefour, who sold their stake to Sonae for €345 million on 16 November 2004. In 2008, Carrefour sold its Portuguese retail ventures existing under the Carrefour ensign to Sonae. Continente used to have one branch in Dubai, which was later purchased by Carrefour. The Contin ...
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Paulo De Azevedo
Duarte Paulo Teixeira de Azevedo (Porto, 31 December 1965), is since 2000 chairman of Sonaecom, son and successor of the founder of the business empire Sonae, Belmiro de Azevedo, former chairman of the Board of Directors of the company. Paulo de Azevedo in 2007 assumed the leadership of the Sonae Group, succeeding his father. Early life and education De Azevedo completed his secondary education at Malvern College in England and later a degree in chemical engineering, like his father, at the Ecole Polytechnique Federale de Lausanne, in Lausanne, Switzerland. He later received a Master's degree in management and administration at the University of Porto and postgraduate training programs for executives. Career In 2000, de Azevedo founded Portugal's third mobile operator, Optimus, starting to manage his own projects. He is currently Sonaecom chief executive with functions in the parent company Sonae SGPS and non-executive director in Sonae Industria. Sonae is one of the lar ...
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Belmiro De Azevedo
Belmiro Mendes de Azevedo (17 February 1938 – 29 November 2017) was a Portuguese entrepreneur, ranked by Forbes as the 605th richest person in the world (2008), as well as the 3rd richest in Portugal, with an estimated wealth of US$ 2 billion. He owned a controlling stake in Sonae SGPS, one of the largest business groups in Portugal, which also operates in Spain, Greece, Germany, Italy, Turkey and Brazil. Sonae is a Portuguese leader in real estate and retailing and also has investments in telecommunications, tourism, venture capital, and the media. In 2006, Sonae launched an unsuccessful hostile bid to control Portugal Telecom (PT), the number one Portuguese telecommunications operator. Azevedo, a carpenter and a tailor's son from Marco de Canaveses, had a degree in chemical engineering from the University of Porto and an MBA from Harvard University. Azevedo's shares were acquired to the estate of late banker Afonso Pinto de Magalhães who, through his bank Banco Pinto de M ...
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Optimus Comunicações
Optimus Comunicações, S.A. was a Portuguese GSM/UMTS/ LTE mobile operator. As of 16 May 2014, Optimus was merged with ZON Multimédia and formed a new company called NOS. Optimus was a wholly owned subsidiary of Sonaecom (a sub-holding of Portuguese conglomerate Sonae). History 1998-1999 Optimus operations started on 15 September 1998, against the two longer-established operators TMN and Telecel, now a subsidiary of the Vodafone Group. The start was preceded by an intense and original advertising campaign. The company found a way to bring in customers with the creation of a statute called Pioneiros (Pioneers), where pre-registered customers could make low-cost calls for life, just 5 escudos (0.025 Euro) per minute to other Optimus customers—a fraction of then current mobile tariffs. The campaign also benefitted enormously by parent Sonae owning the Continente chain of hypermarkets, thus reaching mass-market at a cost-effective rate. Optimus' prefix was 93. Numbers were 1 ...
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Maia, Portugal
Maia () is a municipality in the Porto Metropolitan Area, '' Grande Porto'' subregion, in Norte Region, Portugal. It is located 11 km north of central Porto. The population in 2011 was 135,306, in an area of . There is one city (Cidade da Maia) and three towns (Moreira, Castêlo da Maia and Águas Santas) in the municipality. History The area of the current municipality (''concelho'') has been inhabited for millennia, with human occupation dating back to the Paleolithic period. In the many hills of the region, remains of villages from the Iron Age have been found. Attracted by the rich soil and abundance of resources, the Romans also left visible marks of their occupation in the area. In the middle of the thirteenth century, the Lands of Maia (''Terras da Maia'') extended from the city of Porto to the Ave river and from the sea to the mountains. In 1304 the Lands of Maia were incorporated into those of Porto, losing its political and administrative autonomy. In 1360, King ...
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NOS (Portuguese Media Company)
NOS, SGPS S.A. is a Portuguese telecommunications and media company who provides mobile and fixed telephony, cable television, satellite television and internet. The company resulted from the merger in 2013 of two of the country's major telecommunications companies: Zon Multimédia (formerly known as PT Multimédia, a spun-off media arm of Portugal Telecom) and Sonae's Optimus Telecommunications. NOS owns premium movie channels TVCine and has a 25% stake in the Sport TV television network. It also operates 4 channels in joint-venture with AMC Networks International Southern Europe. NOS Audiovisuais (formerly ZON Lusomundo) is a home-video and cinema film distributor and operates Nos Cinema, the largest cinema chain of Portugal. History NOS was founded as TVCabo in 1994, and was the third cable operator to be founded in Portugal (the first was the regional Cabo TV Madeirense, which was founded in 1992, followed by Bragatel early on in 1994). The first customer was connecte ...
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Portugal
Portugal, officially the Portuguese Republic, In recognized minority languages of Portugal: :* mwl, República Pertuesa is a country located on the Iberian Peninsula, in Southwestern Europe, and whose territory also includes the Macaronesian archipelagos of the Azores and Madeira. It features the westernmost point in continental Europe, its mainland west and south border with the North Atlantic Ocean and in the north and east, the Portugal-Spain border, constitutes the longest uninterrupted border-line in the European Union. Its archipelagos form two autonomous regions with their own regional governments. On the mainland, Alentejo region occupies the biggest area but is one of the least densely populated regions of Europe. Lisbon is the capital and largest city by population, being also the main spot for tourists alongside Porto, the Algarve and Madeira. One of the oldest countries in Europe, its territory has been continuously settled and fought over since prehistoric tim ...
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Lisbon Stock Exchange
Euronext Lisbon is a stock exchange in Lisbon, Portugal. It is part of Euronext pan-European exchange. Euronext Lisbon trades equities, public and private bonds, participation bonds, warrants, corporate warrants, investment trust units, and exchange traded funds. The BVL General index is the exchanges official index, and includes all listed shares on the official market. Settlement is T+2. Derivatives include long-term interest rate futures, three-month Lisbor futures, stock index futures and options on the PSI-20 Stock index, and Portuguese stock futures. Trading hours are 8 a.m. to 4:30 p.m., Monday through Friday. History The predecessor of the ''Bolsa de Valores de Lisboa'' (Lisbon Stock Exchange) was created in 1769 as the ''Assembleia dos Homens de Negócio'' (Assembly of Businessmen) in the Commerce Square, Lisbon downtown. In 1891, the ''Bolsa de Valores do Porto'' (Oporto Stock Exchange) in Oporto was founded. After the military coup on April 25, 1974, both t ...
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Reprivatization
Reprivatization refers to the process of restoring properties seized or otherwise nationalized from privately held owners by a government to privately held status. This may include returning seized property or compensating uncompensated former owners, or reprivatizing state held enterprises to new owners, especially banks, which were privately founded but came under state control due to economic crisis or other factors. The latter scenario is sometimes referred to as privatization, though scholars have specifically referred to the sale of nationalized Mexican and Korean banks to private shareholders as reprivatization. The terms reprivatization and privatization are sometimes used to describe similar processes. The term privatization is more often used to describe the transfer of property under long-term government control to private owners, while reprivatization implies the property being returned to privately held status came under government control on a circumstantial basis. Bo ...
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