SRS Legal advised on the entry of two new investors, Futurum Tech and Mikash Holding GmbH, into Portuguese sustainable food company Corial Foods through conversion of investment instruments. The operation reflects growing investor interest in Portuguese innovative and sustainable business projects.
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 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 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’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.
Galp reported a quality issue with aviation fuel JET A-1 supplied to Lajes Civil Aerodrome in the Azores. The fuel batch from the Sines refinery failed internal quality tests, likely due to an operational issue during maritime discharge. The company activated emergency procedures including additional supply shipments from São Miguel and planned replacement of the non-compliant fuel. Progressive normalization of operations is expected by May 23, 2026.
Portuguese textile company Riopele announced a partnership with American designer John Varvatos to create a men’s fashion fabric collection inspired by textile heritage, vintage aesthetics, and craftsmanship. The collection will be presented at Milano Unica in July as Riopele prepares to celebrate its 100th anniversary. The collaboration aims to strengthen Riopele’s international presence, particularly in the North American market, where it already exports over 98% of its production to more than 50 countries.
Metro Mondego, the electric metrobus system serving Coimbra, Lousã, and Miranda do Corvo, reached one million validations since transitioning to a paid system. Demand exceeded expectations by 20%, with April validations up 57.4% from January. The Portuguese Government announced plans to expand the system to serve additional municipalities including Cantanhede and Condeixa-a-Nova, with integration planned around the upcoming high-speed rail station.
Pestana Hotel Group received 38 nominations at the World Travel Awards 2026 and World Golf Awards 2026. The nominations include 33 World Travel Awards and 5 World Golf Awards across properties in Portugal (Porto, Lisboa, Tróia, Algarve, Madeira, Porto Santo) and internationally (Spain, Netherlands, USA, Brazil, Venezuela, Morocco, and São Tomé and Príncipe). Notable nominations include Europe’s Leading Hotel Brand 2026 for the group overall, and multiple category nominations for properties like Pestana CR7 Times Square and Pestana CR7 Gran Vía Madrid.
Inter Ikea Group announced 850 job eliminations globally (300 in Sweden) to reduce complexity and costs. The reorganization aims to improve decision-making speed and reduce prices for customers. In Portugal, Ikea is undergoing gradual structural updates with individual transition plans for affected employees. The company reported a 32% drop in net profit to 1.5 billion euros in fiscal year 2024/25.