Benfica shareholder José António dos Santos said he’s been approached by several investors interested in buying his 16.4% stake in the club after a previous deal fell through.
Portuguese flag carrier TAP posted a €99 million ($115 million) first-half loss as higher fuel prices weighed on earnings ahead of the planned sale of a minority stake in the state-owned airline.
Deutsche Lufthansa AG and Air France-KLM submitted binding offers for a minority stake in Portugal’s TAP SA, according to people familiar with the matter.
Mozambique is making progress toward a debt-restructuring deal with China similar to the one it reached with Brazil and is seeking a new International Monetary Fund program this year, President Daniel Chapo said.
Angola plans to sell stakes in 10 companies ranging from mining to telecommunications by the end of the year, as it accelerates a privatization drive ahead of elections scheduled for 2027.
Investor interest in Portugal’s golden visa, Europe’s hottest residency-by-investment program, is cooling after the government doubled the time that foreigners must wait to qualify for Portuguese citizenship.
Allianz SE is in advanced talks to buy Caravela Seguros after submitting an offer for the Portuguese insurer, according to people familiar with the matter.
Flight travel to and from Portugal was severely disrupted Wednesday as the country’s unions staged their second nationwide strike in just over six months protesting a government plan to overhaul labor laws.
