Annual Report 2023

24. Subsidiaries

The direct investments owned by JMH, as at 31 December 2023, are as follows:

Company

 

Notes

 

Head
office

 

% Owned

 

Stake held
directly

 

Total
assets

 

Shareholder’s
equity

 

Net
profit/loss

Investments in subsidiaries

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Desimo, Lda.

 

a)

 

Lisbon

 

100.00

 

50

 

208

 

206

 

7

Jerónimo Martins – Serviços, S.A.

 

a)

 

Lisbon

 

100.00

 

50

 

21,501

 

1,366

 

180

Jerónimo Martins Inovação, S.A.

 

a)

 

Lisbon

 

100.00

 

50

 

49

 

49

 

Trade Wings, S.A.

 

a)

 

Lisbon

 

100.00

 

1,000

 

64,844

 

11,564

 

(6,624)

Warta – Retail & Services Investments B.V.

 

a)

 

Amsterdam

 

100.00

 

18

 

1,504,150

 

1,492,166

 

705,302

Tagus – Retail & Services Investments B.V.

 

a)

 

Amsterdam

 

100.00

 

18

 

423,587

 

423,549

 

38,380

New World Investments B.V.

 

a)

 

Amsterdam

 

100.00

 

18

 

923,825

 

923,787

 

(435)

Origins – Agro Business Investments B.V.

 

a)

 

Amsterdam

 

100.00

 

18

 

349,615

 

349,603

 

(29)

Jeronimo Martins Slovensko, s. r. o.

 

a)

 

Bratislava

 

10.00

 

100

 

5,828

 

4,507

 

(1,493)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other financial investments

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Epic Partners, S.A.

 

b)

 

Geneve

 

5.33

 

b)

 

b)

 

b)

 

b)

a)

For the purposes of the article 486, paragraph 3, of the Portuguese Commercial Companies Code, we declare that we hold the control of the companies indicated.

b)

Information not available.

During 2023 JMH disposed of part of the financial investment of the company Epic Partners SA, for the amount of €32 thousand, decreasing the percentage held for 5.33%.

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 liquidated.

Tag Manager

Results