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        Companies

        0
        By Christopher Graeme
        In Acquisitions, Altice Portugal, Companies, News, Telecoms
        Posted 10 Abril, 2024

        Warburg Pincus back in the race for Altice Portugal as rival pulls out

        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 [...]

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        By Christopher Graeme
        In Companies, Construction, Liquidations, News
        Posted 8 Abril, 2024

        Soares da Costa headquarters going for a song

        The headquarters of the bankrupt Portuguese construction firm Soares da Costa in Vila Nova da Gaia (Porto) has only managed to achieve a maximum bid of €4.5 million in a second auction, well [...]

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        By Christopher Graeme
        In Companies, Energy, Funds, News, Renewables
        Posted 8 Abril, 2024

        KKR agrees swap with Mediobanca to buy 19.9% of Greenvolt

        The Lisbon-based special purpose investment vehicle GVK Omega created by the fund KKR to acquire Greenvolt and take it off the stock market, has instructed Mediobanca to buy shares in the [...]

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        By Christopher Graeme
        In Companies, News, Retail
        Posted 5 Abril, 2024

        Decathlon profits at €931 million for 2023

        The sports retail chain Decathlon closed 2023 with profits of €931 million, an increase of 0.8% on the €923 million posted for 2022. The sports articles retailer enjoyed a business turnover of [...]

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        0
        By Christopher Graeme
        In Companies, Health and Wellness, News
        Posted 5 Abril, 2024

        Sonae sells Dr. Wells clinics to Lusíadas Saúde for €4.7 million

        MC, a Sonae company, sold 22 Dr. Wells clinics to Lusíadas Saúde for €4.68 million according to the group led by Cláudia Azevedo in its annual report for 2023. According to the company’s [...]

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        0
        By Christopher Graeme
        In Companies, News
        Posted 5 Abril, 2024

        Company financial independence at record levels

        The profitability of Portuguese companies fell to 9% in the last quarter of 2023 while their financial independence achieved record levels according to figures from the Bank of Portugal. [...]

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        By Christopher Graeme
        In Companies, Entrepreneur, Liquidations, News
        Posted 1 Abril, 2024

        Portugal’s famous dental tycoon made bankrupt for culpable insolvency

        Paulo Maló, Portugal’s most internationally famous dentist, has been declared culpably insolvent by a court after a case filed by the bank Caixa Geral de Depósitos. It means that he is prohibited [...]

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        By Christopher Graeme
        In Aviation, Companies, News, TAP
        Posted 27 Março, 2024

        TAP posts record profit of €177.3 million in 2023

        TAP posted a record net profit of €177.3 million — the highest profit ever registered by the company. Profits were up €111.7 million on 2022 when the company posted €65.6 million; its first [...]

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        By Christopher Graeme
        In Companies, EFACEC, News, Restructuring
        Posted 25 Março, 2024

        Mutares ponders mass redundancies in EFACEC company shakeup

        The Portuguese transport and electrical systems company EFACEC is to close down business areas that are not profitable and consider mass redundancies. The company was sold by the government in [...]

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        0
        By Christopher Graeme
        In Companies, News, Paper and Paper Pulp
        Posted 22 Março, 2024

        Altri profits fell 72% to €42.8 million in 2023

        Paper paste producer Altri posted a €42.8 million net profit for 2023, a fall of 71.9% on the €152.5 million in 2022. In a communiqué sent to the CMVM on Thursday the company said that total [...]

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