Portugal

China Three Gorges reduces its stake in the capital of EDP – Energias de Portugal

27 February 2020

The China Three Gorges group has reduced its stake in the shareholder structure of the EDP - Energias de Portugal group to 21.47% with the sale of a block of shares of 1.8%, according to a market statement.

The representative of Macau in Lisbon nominated to the WTO

27 February 2020

The former secretary of the Government of Macau for Social Affairs and Culture, Alexis Tam Chon Weng, has been nominated to the post of head of the Economic and Trade Delegation of Macau at the World Trade Organization (WTO), under an order of the Chief Executive.

Mozambican air carrier postpones flights to Portugal until June

26 February 2020

Mozambican airline Linhas Aéreas de Moçambique (LAM) has postponed the return of flights to Lisbon, Portugal until 2 June after initially scheduling the move for 31 March, the managing-director of the carrier said in Maputo.

Consortium from China interested in Portuguese highway company Brisa – Auto-estradas de Portugal

24 February 2020

A consortium led by the China State Construction Engineering Corporation (CSCEC) will be one of the parties interested in buying the stake of Portuguese Group José de Mello Capital in highway company Brisa - Auto-estradas de Portugal, financial news agency Bloomberg reported.

Portuguese company linked to Macau joins efforts to combat coronavirus

13 February 2020

Hospital equipment being used by medical teams involved in combating the epidemic of coronavirus, a strain now named Covid-19 by the World Health Organisation, started to arrive this week in Macau and the cities of the Greater Bay, sent from Portugal by the Quinta da Marmeleira company owned by businessman Wu Zhiwei.

BNU Macau closes 2019 accounts with a net profit of 721.9 million patacas

13 February 2020

Macau-based bank Banco Nacional Ultramarino posted a profit of 721.9 million patacas in 2019, an increase of 23.6% compared to the result recorded in 2018, according to the balance sheet for 31 December 2019 published in the Macau Official Bulletin.

Energias de Portugal group completes sale of wind asset in Brazil

13 February 2020

EDPR Renováveis, of Portuguese group EDP - Energias de Portugal, has concluded the sale of its shareholding in an onshore wind energy project in Brazil, to a subsidiary of the Actis group for 598 million reais (US$137.7 million), according to a market statement.

Spanish Bank Abanca buys 95% of Portuguese-Angolan EuroBic bank

11 February 2020

Spanish bank Abanca reached an agreement to buy 95% of the capital of EuroBic, a private Portuguese bank owned by Portuguese and Angolan shareholders, with headquarters in Lisbon, Abanca said in a statement.

Turkish group OYAK interested in the volcanic stone in Cabo Verde

7 February 2020

Turkish group OYAK (Ordu Yardimlasma Kurumu) intends to invest in Cabo Verde in quarrying pumice, a rock of volcanic origin used in cement production, said the Prime Minister's office in a statement issued in Praia.

Cabo Verde’s trade deficit increases by 4.4% in 2019

6 February 2020

Cabo Verde’s balance of trade deficit increased by 4.4% on year in 2019 to 72.230 billion escudos (US$722 million), compared with 69.195 billion escudos in 2018, the archipelago's National Statistics Institute said.

Banco Fomento Angola increases its contribution to the result of Portugal’s Banco BPI

5 February 2020

The contribution of Banco de Fomento Angola (BFA) to the consolidated result of Portugal’s Banco BPI in 2019 totalled €78.9 million, an increase of 8.0% compared to the €73.2 million recorded in 2018, according to a statement issued by the Portuguese Securities Market Commission.

Portugal’s public debt reaches almost €250 billion in 2019

4 February 2020

Portugal ended 2019 with a public debt of €249.74 billion, or an additional €600 million compared with the value recorded at the end of 2018, the Bank of Portugal said in a statistical information statement issued on Monday in Lisbon.

BNU Macau contributes €68.7 million to consolidated net result of Caixa Geral de Depósitos in 2019

3 February 2020

BNU Macau was the main contributor of the international business area for the consolidated net result of Caixa Geral de Depósitos (CGD) in 2019, with €68.7 million euros, according to information disclosed in Lisbon by the Portuguese state bank.

Angola’s Sonangol launches public tender to dispose of corporate shareholdings

31 January 2020

Angolan national oil company Sonangol has launched a public tender for the sale of stakes it holds in six companies, announced the state company in a statement released on Thursday in Luanda.

Brazilian group Oi leaves Angola’s Unitel with the sale of its stake to Sonangol

30 January 2020

Africatel Holdings B.V., an indirect wholly-owned subsidiary of the Brazilian telecommunications group Oi, sold and transferred all the shares held by Portuguese company PT Ventures SGPS to Angolan oil company Sonangol, said the group in a statement issued recently.

Galp Energia announces first test oil well in São Tomé and Príncipe

23 January 2020

Portuguese oil group Galp Energia will drill its first test well in block 6 of the São Tomé and Príncipe Exclusive Economic Zone at the end of this year or beginning of 2021, the group's production and export director said on Wednesday in São Tomé.

Forum Macau analyses report on its 15 years of activity

22 January 2020

Forum Macau has analysed the report prepared by the Chinese Academy of Social Sciences on the activities of the institution in its 15 years of existence, according to information from the Support Office of the Permanent Secretariat of Forum Macau.

Portuguese fund supports SMEs in Mozambique affected by natural disasters

20 January 2020

Investimoz, a Portuguese fund to support investment in Mozambique, has set up two credit lines in the amount of €15 million for small and medium-sized enterprises (SMEs) in Mozambique that have been affected by natural disasters, at a ceremony held last Thursday in Maputo.

CPLP announces new funding to support Mozambique

17 January 2020

The Community of Portuguese Speaking Countries (CPLP) will help the reconstruction of areas of Mozambique affected by cyclones in 2019 with funding of €888,600, with funding totalling €1.26 million, said the organisation in a statement.

Minister suggests the installation of Dongfeng truck assembly line in Angola

16 January 2020

Angola's Minister of Trade, Jofre Van-Dúnem, challenged the Kin Lai company, of the Nors group, to set up an assembly line in Angola for Dongfeng trucks, as part of the process of diversification of the country's economy and to boost the domestic market, the Angolan press reported.

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