Portuguese pulp mill developer pushes energy self-sufficiency argument to revive €1 billion Galicia project

Greenfiber, a subsidiary of Portuguese multinational Altri, presented new arguments to unblock its €1 billion industrial pulp mill project in Palas de Rei, Galicia. The company claims the future factory is energy self-sufficient and proposes alternative power supply solutions including cogeneration systems. This move contests the Galician authorities’ decision from February to archive the project due to lack of guaranteed electrical supply.

Austrian Wellness Group Therme Appoints Former EU Commission Official as Vice President for Global Impact

Austrian wellness group Therme Group, founded and led by Romanian businessman Robert Hanea, appointed Ramona Chiriac as Vice President for Global Impact. Chiriac, who ended her mandate as head of the European Commission Representation in Romania in March 2026, will focus on strategic partnerships, institutional relations, and thought leadership on the future of wellness and human development. The appointment reflects Therme Group’s ambitions for international expansion and positioning at the intersection of wellbeing, cities, communities, culture, and societal transformation.

Euronext Reports Strong Q1 2026 Results With 16.7% Profit Growth Across European Exchanges

Euronext, Europe’s leading continental stock exchange operator, reported strong Q1 2026 results with 16.7% net profit growth to 192.3 million euros and 15.3% revenue growth to 528.5 million euros. Equity market revenues surged 28.1% to 138.9 million euros, driven by high volatility and strong ETF growth, including contributions from the recently completed Athens Stock Exchange acquisition completed in late 2025. The company also noted benefits from the largest defense IPO in history (Czech Republic’s Czechoslovak Group) in January 2026.

EDP Renováveis to Exit Brazil Operations Through €683 Million Sale to Parent Company

EDP announced the integration of EDP Renováveis Brasil (1.8 GW installed capacity: 1.1 GW onshore wind and 0.7 GW solar utility scale) into its subsidiary EDP Brasil for approximately 4.1 billion reais (€700 million equity value, €1.5 billion enterprise value). This restructuring allows EDPR to concentrate on higher-growth markets in the US and Europe, increasing the weight of A-rated markets from 90% to over 95% of EBITDA. The transaction is expected to close by end of 2026.

Benfica Prepares to Block American Investor Tim Leiweke’s Stake Acquisition Over Competing Club Interests

Benfica is considering blocking American investor Tim Leiweke’s €10+ per share acquisition of a 16% stake in Benfica SAD, citing article 13 of club statutes that allow rejection of acquisitions by investors with competing interests. Leiweke and his daughter lead a consortium that recently invested €100 million in Italian club Venezia FC.

Ricoh Subsidiary PFU Commits €3.3 Million to Portugal Expansion Through 2031

Ricoh’s document management subsidiary PFU announced a 3.3 million euro investment plan in Portugal through 2031, transforming Lisbon into a strategic innovation hub for the EMEA region. The expansion focuses on AI-powered document digitalization, intelligent data capture software, distribution channel strengthening, and entry into healthcare, education, justice, and public administration sectors. PFU currently operates in Lisbon with a 14-person team providing technical support across the EMEA region.

Swedish AI Patent Firm Stilta Secures Nearly 100 Million SEK from Andreessen Horowitz

Stilta, an AI company founded by Oskar Block, has raised nearly 100 million SEK from venture capital firm Andreessen Horowitz. The company focuses on using AI to manage and maintain patents. Block, who previously gained fame as a teenager for winning large sums on sports betting and later attended Y Combinator, left McKinsey to focus on the venture.

Romanian trainmaker Grampet Group showcases domestically-built LEON diesel train with international astronauts aboard

Grampet Group presented the LEON train, the first domestically-built diesel train in Romania in 80 years, during a ceremonial journey from Bucharest to Brașov carrying international astronauts. The three-car LEON features 145-155 seats, dual 390 kW MTU engines, speeds up to 120 km/h, and modern amenities. Grampet plans to expand passenger operations with the LEON model and 80 ICE4 units purchased from Denmark. The event highlighted Romania’s aerospace and technological potential with visits to the Air Force Academy where an auditorium was named after Prunariu.