CTT Correios

CTT has opened a new automated Operations Centre in Rio de Mouro, in the municipality of Sintra, creating around 350 jobs. In a statement, the postal group highlights that the investment was €2 [...]

Over a million people, including Portuguese citizens living in the US, still can’t send small packages to the United States because Portugal’s postal service CTT  has yet to roll out its new [...]

Portugal’s postal service CTT decided to suspend the transport of parcels from one side of the Atlantic to the other because the ‘de minimus’ regime has been terminated and which exempted import [...]

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 [...]

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 [...]

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 [...]

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 [...]

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 [...]

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 [...]

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 [...]