PLMJ advises SIC on investment to buy BOL

PLMJ advised SIC - Sociedade Independente de Comunicação, S.A. on a joint investment with the CREST II - FCR fund to acquire a stake in the share capital of Etnaga - Consultores Sistemas de Informação, the company that owns the BOL online ticketing system.

The PLMJ team was led by Bárbara Godinho Correia, a partner in the firm's Corporate M&A practice, and Ânia Cruz and Rita Pereira Jardim, senior associates in the same practice.

With this agreement, SIC will now hold an indirect 27% stake in Etnaga. This investment is part of SIC's strategic plan, which prioritises accelerating digital transformation and diversifying SIC's revenue streams.