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 [...]
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 [...]
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 [...]
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 [...]
José Neves, the founder, chairman and president of Farfetch, the luxury goods platform company that he founded in 2007, has been removed by Bom Kim the Korean tycoon who has absorbed the company [...]
The Portuguese government is following the possible impacts of a potential sale of telecoms company Altice Portugal which employs 9,000 and provides indirect work for another 15,000. In an [...]
Sonae’s Sparkfood, an investment arm of the group led by Cláudia Azevedo, dedicated to healthy and sustainable foods, is in exclusive negotiations to acquire Diorren located in Brittany. Reports [...]
Despite Portuguese renewable energy company Greenvolt’s green bond issues paying 4.65% per annum, small investors are not making more than 3.2% while the investment could even result in losses [...]
One of Portugal’s most iconic construction firms, Soares da Costa has finally gone bankrupt after years of losses and misadventures in overseas markets. The company is selling off its tangible [...]
