According to the statement sent by the company, this "potential transaction is consistent with Sonae's strategic principle of creating value for shareholders and ensuring the best conditions for its companies to grow and strengthen their competitive positions".
The assets in question would be part of Sonae MC, the retail food business of the company, and Sonae RP, the entity that manages Sonae's retail real estate.
Barclays, BNP Paribas and Deutsche Bank are responsible for the exploratory meetings with potential investors.