Portugal’s cork giant Corticeira Amorim saw sales fall below the €1Bn benchmark in 2023 because of a “significant reduction” in business activity and an unfavourable exchange effect. Corticeira [...]
Portugal managed to achieve positive external accounts in 2023, posting an overseas surplus of €7.2Bn after a deficit in 2022. It was the highest ratio since 2013 according to the Bank of [...]
The Navigator Company, which makes paper and paper paste, closed 2023 with a business turnover of €1.9Bn, its second best result ever. The company posted a net result of €275 million, a 30% fall [...]
Portuguese exports of cork reached a new record of €1.232Bn in 2023, up 2% on 2022, with bottle corks exceeding €900 million in exports for the first time according to the Portuguese Cork [...]
Former Portuguese banker António Horta Osório in a consortium comprising the funds Warburg Pincus and Zeno Partners is still in the race to buy Altice Portugal for €6.5-€7Bn for all of its [...]
Novobanco has authorised a banking syndicate to place €500 million in covered bonds onto the market. This is according to Bloomberg that said the operation was led by Barclays together with [...]
Portugal’s Public Ministry is to open an investigation into the bankruptcy of the construction company Soares da Costa after questions have arisen over where money from contracts in Angola has [...]
REN – Redes Energéticas Nacionais, Portugal’s national electricity grid company, is to issue green bonds worth €300 million with an eight year maturity aimed at institutional investors [...]
Portugal’s tax authorities have introduced a new measure whereby assets held in offshore accounts will have to be declared from next year. The move will also include income from capital derived [...]
The second phase of the Altice Portugal wholesale or partial selloff is about to begin with two of the candidates Illiad and Saudi Telecom sending due diligence teams to Portugal over the next [...]
