Annual Report 2023

13. Investments in subsidiaries

The equity holdings in subsidiaries corresponds to investments in the acquisition of shareholdings in the companies listed in note 24.

 

 

2023

 

2022

Net value as at 1 January

 

666,038

 

665,038

Increases

 

100

 

1,000

Decreases

 

(5)

 

Net value as at 31 December

 

666,133

 

666,038

In August 2023, JMH entered the share capital of Jeronimo Martins Slovensko, s. r. o., with a 10% stake.

In November 2023, the Company Friedman – Sociedade de Investimentos Mobiliários e Imobiliários, Lda. was dissolved and liquidated, having that operation generated a loss of €39 thousand.

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