Acquisitions

The insurance broker Sabseg has acquired the total share capital of Velmese, an insurer based in Valença do Minho, Portugal. Velmese had a turnover of €167,000 in commissions in 2023 with net [...]

Angolan investor Isabel dos Santos has sold her 42% share in Portuguese bank EuroBic to Abanca in a deal that was signed on 11 June, four years after the Bank of Portugal gave the green light for [...]

Portuguese bank Novobanco has sold a 40% stake in the Portuguese transport concession company Lineas Concessões de Transportes for “well over the book value” of €52.6 million. The [...]

Portugal’s paper manufacturer The Navigator Company has improved on the price for its Public Acquisition Offer (OPA) for Accrol that was announced on March 22 to 39 pence per share. Accrol, the [...]

Banco Português de Gestão, a small bank belonging to the foundation Fundação Oriente, which posted debts of €6 million in 2023, is to be sold to the Chinese group Vcredit. Although the Banco [...]

Large Portuguese companies are increasingly taking advantage of acquisitions abroad launching public acquisition offers for companies in other countries. In recent months companies like Sonae, [...]

A Russian-born Kazakhstani entrepreneur says he is interested in acquiring a small Portuguese bank to increase his company’s portfolio profile in Europe. Timur Turlov, 36, the CEO of Freedom [...]

The United States fund Warburg Pincus, together with Zeno Partners – a private market asset investor based in Switzerland and the US -, and former Portuguese bank manager António Horta [...]

The Bank of Portugal is to give the green light for the sale of the Banco Atlântico Europa to the Well Link group headquartered in Hong Kong. In anticipation for the sale, which was previously [...]

Portugal’s paper giant Navigator has launched a Public Acquisition Offer for 100% of the British toilet paper, kitchen roll and tissues manufacturer Accrol. The takeover bid was launched on [...]