Sonae increases investment in Cooper Gay

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