Divestments

The Portuguese energy company Galp is divesting its interests in renewable energy assets in Spain as part of a review of its strategy on the Iberian peninsula, selling off solar projects in [...]

The Spanish fund Azora European Hotel & Lodging is preparing to gradually divest a total of seven assets that it holds in Portugal including the flagship five-star golf resort Praia d’El Rey [...]

Semapa estimates that it will make capital gains of €400 million in 2026 from the sale of Secil to Spain’s Molins according to a note sent to the Portuguese securities commission CMVM. Semapa [...]

There are currently 80 hotels yup for sale in Portugal, concentrated in Faro, Lisbon, Porto, Évora and Beja. The increase in tourism has led to an increase in investment in the Portuguese hotel [...]

Portugal ’s public bank Caixa Geral de Depósitos expects to complete the sale of Cape Verde’s Banco Comercial do Atlântico (BCA) in January next year. The bank informed, in a statement to the [...]

After months of denial saying it wasn’t planning to sell its 20% share in Portuguese bank BCP, Chinese shareholder Fosun now says it cannot rule out selling its share if it cannot sell off other [...]

Portugal’s mutualist bank Banco Montepio is expected to post zero profits for 2023 because of the cost of selling its assets in Angola. The bank posted a loss of €50 million for H1, 2023 and says [...]