CTT reduces capital by €2.3 million
Portugal’s postal company CTT – Correios de Portugal announced on Tuesday a reduction of its share capital to the amount of €2,310,000.00 (€2.3 million) by offloading 4,620,000 treasury shares [...]
CTT admits to Banco CTT spin-off
Portugal’s CTT group is looking at several possibilities to reduce its exposure to Banco CTT. One of the possibilities on the table would be to create a spin-off, eventually listing the bank on [...]
Generali days away from taking share in Banco CTT
The insurer Generali Tranquilidade is finalising its purchase of a share in the Portuguese banking services company Banco CTT. According to business daily Negócios, the deal should be signed [...]
Bank of Portugal will give green light for sale of Banco CTT next month
An evaluation by the Bank of Portugal into a capital share injection by insurance company Generali/Tranquilidade into Portugal’s post office bank Banco CTT, is being finalised and the deal should [...]
Generali 8.71% share acquisition of Banco CTT to finalise in October
The Italian insurance group Generali, which announced that it had acquired a 8.71% capital share in Portugal’s CTT financial services company Banco CTT two years ago, will finally see the deal go [...]
Postal service regulator tells CTT to shape up or pay out!
Portugal’s communications and postal service regulator Anacom has called on the government to “force” postal company CTT to improve its postal services. CTT, run privately under government [...]
CTT profits up 66% in 2023 with dividends up 17 cents per share
The private Portuguese postal service and bank made profits of €60.5 million in 2023 with parcel revenues exceeding postal services for the first time in Q4, 2023. CTT’s net results stood at [...]
