Utilize este identificador para referenciar este registo: http://hdl.handle.net/10362/15376
Título: The spin-off of Sonae Capital
Autor: Daniel, Diogo Vinha Nova
Orientador: Pinho, Paulo
Palavras-chave: Spin-off
Divestiture
Conglomerate discount
Case study
Data de Defesa: Jan-2015
Resumo: The purpose of this project is to study the spin-off of Sonae Capital, which took place in January 2008. Taking the form of a case study, this project is divided between the case narrative and a teaching note. I study the background and motivation of the transaction, along with its outcome. With the available information at the time of the case, I value Sonae Capital at the date of the spin-off and describe a possible trading strategy involving both the spun-off and the demerged companies. Finally, I conclude that the transaction was more beneficial for the parent company, Sonae SGPS, and that it did not follow the typical outperformance pattern observed in other spin-offs.
URI: http://hdl.handle.net/10362/15376
Designação: A Work Project, presented as part of the requirements for the Award of a Masters Degree in Finance from the NOVA – School of Business and Economics
Aparece nas colecções:NSBE: Nova SBE - MA Dissertations

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