Sonae increases investment in Cooper Gay
Cooper Gay has announced that MDS, SGPS, SA a subsidiary of the Portugese corporation Sonae SGPS, has increased its investment and shareholding in the company from 13.68% to 32.12%. However, the terms of the further investment were not disclosed.
Sonae originally acquired a minority shareholding in Cooper Gay in June 2007. Since then the company has announced the signing of a £31.6m senior debt financing facility with National Australia Bank and a 32% increase in earnings for the financial year ending 31 December 2007.
It revealed it has been looking into a number of further acquisition opportunities, which are at varying stages of development.
Toby Esser, chief executive officer of the Cooper Gay group said: "Our original transaction with
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