Sonae Capital Investments notifies competition from the purchase of Ten For One

A Sonae Capital Investments notified the Competition Authority (AdC) of the acquisition of Ten Prá Uma, a food company, in an operation providing for the entry of Efanor group’s ‘holding’ in the capital of the mark with a majority position.

In information released today on its ‘site’, AdC states that it received, on November 6, a prior notification of a merger operation, which consists of the acquisition by SC – Sonae Capital Investments, SGPS, S.A. of exclusive control over Ten Prá Uma, S.A..

In a statement, SC Investments argues that it has established an agreement to acquire a majority stake in the company, in a partnership with the founding family, which will remain in business management.

The operation will allow the Tenth A accelerate growth and expand the presence to other regions of the country, according to the buyer, who wants to strengthen the network of stores in Grande Lisboa and expand the activity to new markets.

With more than 20 years of activity, Dez Pra One is specialized in the making and marketing of homemade, fresh and frozen ready-to-eat meals, currently having 12 stores, about 100 workers and an online sales platform with home delivery.

SC Investments is an investment ‘holding’ that resulted from the reorganization of Sonae Capital and is part of the Efanor group, currently developing activities in the ‘fitness’ sectors, through the Solinca and Element brands, and the hospitality, through Editory.

Now, any comments must be submitted to competition within 10 working days.