Sonae is a
conglomerate, and is the largest private employer in
Portugal with a strong appeal to senior managers and young graduates. Its president and main shareholder is
Belmiro de Azevedo, one of the most influent Portuguese businessmen and a
Forbes fortunes figure. Sonae was originally an acronym standing for Sociedade Nacional de Estratificados (roughly, National Company of Engineered wood). Engineered wood were the company's original line of business.
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