Grupo Domingos Névoa acquired Shopping Cidade do Porto from Teixeira Duarte, S.A. for €28 million.
January 05, 2023
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Grupo Domingos Névoa acquired Shopping Cidade do Porto from Teixeira Duarte, S.A. (ENXTLS:TDSA) for €28 million on January 6, 2023. The shopping center has about 15,000 square meters of leasable space, spread over four floors, and houses a total of 90 stores, among which are “anchors” such as Zara, Supermercado Froiz, Decathlon, Fitness Hut, Livraria Bertrand, Cortefiel, McDonald's and national brands and other famous international.
Grupo Domingos Névoa completed the acquisition of Shopping Cidade do Porto from Teixeira Duarte, S.A. (ENXTLS:TDSA) on January 6, 2023.
Teixeira Duarte, S.A. is one of the largest Portuguese economic groups. The group is organized in six different sectors such as Construction (63.5% of sales), Concessions and Services (10.7%), Retail (10.7%), Real Estate (7.1%), Hospitality (4.3%) and Automotive (3.7%).
Construction has been Teixeira Duarte Group's core business since its formation, as well as the activity of the principal company of the Group, Teixeira Duarte - Engenharia e Construções, S.A., which operates in the areas of Geotechnics and Rehabilitation, Buildings, Infrastructures, Mechanical Engineering, Underground Works, Railway Works and Maritime Works supported by a Shuttering and Prestressing Operating Centre, a large-scale and highly technological Equipment Department, a Materials Laboratory and a Teixeira Duarte Operating Centre installed on a plot of land covering an area of 127,000 m2 and which is of enormous benefit to the Company and services rendered to its customers.
Net sales are distributed geographically as follows: Portugal (34.2%), Brazil (25%), Angola (21.5%), Mozambique (4.1%), Spain (1.6%) and other (13.6%).
TEIXEIRA DUARTE, S.A. 
