Edition:
India

Daniel Alvarenga

On the rebound, Portugal starts love affair with private equity

21 Mar 2018

LISBON Portugal's economic recovery is making it a hot destination for the rich and famous like Madonna as well as tech entrepreneurs and now private equity is looking to participate in the upswing.

CEO of Brazil's Oi resigns as restructuring vote nears: shareholder

25 Nov 2017

SAO PAULO/LISBON The chief executive of Oi SA has resigned, its largest shareholder said on Friday, as the Brazilian telecommunications firm enters a crucial phase in Latin America's biggest-ever bankruptcy proceedings.

Portugal planning free zones for drones, self-driving cars

31 Oct 2017

LISBON Aiming to spur development of drones and self-driving vehicles, Portugal is planning to launch "free zones" with special regulations to allow testing of such technologies and attract investment in them, the industry secretary said.

Hedge fund Ecofin says EDP bid for renewable energy unit 'egregiously low'

21 Apr 2017

LONDON London hedge fund firm Ecofin said an offer from Portugal's largest company EDP to buy 22.47 percent of subsidiary EDP Renovaveis "significantly undervalues" the company, in a letter to EDPR's board seen by Reuters.

Portugal's biggest shipper ETE seeks potential investors, possible IPO

20 Dec 2016

LISBON, Dec 20 Portugal's largest shipping company, Grupo ETE, is preparing to open up its capital to outside investors and is studying the possibility of an initial public offering as it seeks to speed up expansion in Latin America, CEO Luis Nagy told Reuters.

TAP new owners see profits from 2016, to invest up to $895 million

24 Jun 2015

LISBON The new owners of Portugal's recently privatized flag carrier TAP expect the loss-making airline to return to profit next year thanks to new routes to Brazil and the United States and an investment of up to 800 million euros ($895 million).

TAP new owners see profits from 2016, to invest up to 800 mln euros

24 Jun 2015

LISBON, June 24 The new owners of Portugal's recently privatised flag carrier TAP expect the loss-making airline to return to profit next year thanks to new routes to Brazil and the United States and an investment of up to 800 million euros ($895 million).

BPI head warns of losses on Novo Banco sale

17 Mar 2015

LISBON, March 17 The sale of Portugal's Novo Banco, the "good bank" created out of the collapse of Banco Espirito Santo (BES), could generate big losses for the country's banks if a limit is not set on the sale price, the CEO of Banco BPI said on Tuesday.

Oi-Portugal Telecom merger seen set to hold

20 Jan 2015

LISBON Opposition to Brazilian group Oi's plans to sell off Portugal's former national telecoms operator, PT Portugal, is not expected to result in the business being returned to its former owner, Portugal Telecom SGPS, even if the immediate sale is blocked this week, analysts and lawyers said.

Oi-Portugal Telecom merger seen set to hold

19 Jan 2015

LISBON Opposition to Brazilian group Oi's plans to sell off Portugal's former national telecoms operator, PT Portugal, is not expected to result in the business being returned to its former owner, Portugal Telecom SGPS , even if the immediate sale is blocked this week, analysts and lawyers said.

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