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Sonae MC. 280 million investments by 2021 in expanding the continent



Sonae MC continues to focus on expanding its supermarket chain. By 2021, Sonae's retail arm expects to invest between 260m and 280m euros in expanding its retail chain, according to information released to investors and released on the market on Friday.

In a presentation to investors, the company says it estimates an amount of about $ 445 million in upgrading and optimizing the store chain.

Read more: Sonae has won the right to use the Continente brand in Spain

In a document released this Friday at CMVM, Sonae admits that between 2019 and 2021 he intends to open between 50-60 Continent Good Morning as well as between 4-8 Continent Model.



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