MADEIRA

S.D.M. - Sociedade de Desenvolvimento da Madeira, S.A. has sold 100% of the share capital of its sole subsidiary, S.D.E.M. - Sociedade de Desenvolvimento Empresarial da Madeira, Sociedade Unipessoal, S.A., pursuant to a decision from the competent regional secretary and with authorization from the Regional Government Council of the Autonomous Region of Madeira. This transaction was executed through a sale and purchase agreement dated 29 September 2023, in compliance with the procedures outlined in Article 10 of the Legal Regime of the Business Sector of the Autonomous Region of Madeira, as established by Regional Legislative Decree No. 15/2021/M of 30 June, and further governed by Regional Legislative Decree No. 37/2012/M of 12 December, as well as Regional Regulatory Decree No. 13/2023/M of 18 August. This sale reflects a reassessment of the need to retain the said company within the regional business sector, aims to unlock potential revenue, and seeks to enhance its contribution to..

Also known as: Madeira, S.A.

Primary location: Funchal Portugal