Mergers and Acquisitions

The Spanish bank Abanca is now the owner of Portuguese bank Eurobic that will close 2023 with an expected record profit of just over €100 million. The bank, which was sold for €300 million, [...]

Portugal’s Sonae Group led by Cláudia Azevedo, has launched a €868 million takeover bid for Finland’s Musti, a listed company specialised in pet products in Finland, Sweden and Norway. Sonae has [...]

The Dr. Wells clinics, which provide private dental and plastic surgery treatments, have changed hands from Sonae to Lusíadas Saúde for an undisclosed sum. In a communiqué, the company (Lusíadas [...]

The CEO of Caixabank in Portugal (BPI) has refuted news that appeared in the Spanish news source Vozpópuli, quoting financial sector sources, that the Spanish bank Caixabank is negotiating to buy [...]

Rauva, the Portuguese digital bank startup using a super-app that enables people to open businesses and offers an online account with debit card, virtual cards, direct debit and payments, has [...]

The general assembly of bond holders at electrical and transport systems company Efacec have voted to accept a €5.8 million reduction in the value of their bonds in the company. The company was [...]

Novobanco is back in the race to buy EuroBic according to the daily business online news source ECO. Although the bank had already shown an interest in buying EuroBic around two years ago, [...]

TAP has been voted among 30 of the best airline companies in the world by ranking Bounce. TAP Portugal was placed ahead of British Airways, easyJet, Air Canada, Vueling Airlines, Ryanair and Wizz [...]

Semapa, one of Portugal’s largest holdings that operates in areas such as paper production, cement, building materials and even venture capital, plans to acquire a portfolio of green and [...]

Telecoms giant Vodafone is facing resistance from Portugal’s competition authority Autoridade da Concorrência (AdC) on the offer it launched in September to buy Nowo. The group had intended to [...]