Belmiro de Azevedo, Once Portugal's Richest Man, Dies at 79
- Businessman founded the country’s biggest supermarket chain
- Azevedo handed over the post of Sonae CEO to son Paulo in 2007
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Belmiro de Azevedo, who was formerly Portugal’s richest person after transforming a local wood-panel manufacturer into a global enterprise involved in retailing, telecommunications and shopping-center development, has died. He was 79.
He died Wednesday, according to an emailed statement from Sonae SGPS SA, the holding company for Azevedo’s assets. No additional details were provided.