Acquisitions

France’s TotalEnergies has acquired a 40% stake in Portugal’s energy giant Galp’s operations at the Mopane oil fields off the coast of Namibia. The company has a formed a partnership whereby [...]

Footballer Cristiano Ronaldo has become a shareholder in Perplexity, a private US company that has developed an AI boosted search engine. The World’s most famous footballer is already a [...]

The Portuguese construction company Grupo Casais has announced the acquisition of Terratest’s production unit in Spain. Terratest is a company specialising in foundations for construction [...]

Nordic pet store group Musti, which is owned by Portugal’s Sonae, has reached an agreement with Sonae MC to merge with the Portuguese pet care and products company ZU. Two years ago, after a [...]

The defence ministries of Portugal and Italy have signed ‘Statements of Intent’ on cooperation in industry against a backdrop in which Italy is applying to sell three frigates to the Portuguese [...]

Portugal’s tourism bureau, Turismo de Portugal, which holds a 51% stake in State-run ENATUR, plans to buyback 49% of the Pestana Group’s share in Pousadas de Portugal. It plans to do so by the [...]

Portugal’s Civil Aviation Pilots Union (SPAC) has approved a privatisation agreement with the consortium Newtour/MS Aviation by 75% of the votes. “Pilots have done everything within their reach [...]

Airline group Air France-KLM is to formally make a Manifestation of Interest in buying a sizable share in Portugal’s airline TAP after having studied the Terms of Sale. The news comes straight [...]

Portuguese judicial police officers swooped on Novobanco headquarters while the actual contract signing ceremony was being held at the Ministry of Finances on Wednesday celebrating the bank’s [...]

The government is to receive €1.7Bn from the sale of Novobanco – at least going a small way towards compensating the estimated €8Bn that the banking sector and tax payers had forked out to [...]