Portugal

Portugal Authorizes €410.68 Million Railway Modernization Project for Alentejo Line

by

The Portuguese government authorized Infraestruturas de Portugal to implement a phased payment schedule for the modernization of the Alentejo Railway Line. The project involves a 410.68 million euro investment to replace and electrify 63 kilometers of track between Casa Branca and Beja, enabling speeds of up to 200 km/h for passenger trains and 120 km/h for freight. Disbursements will run from 2027 to 2033, with the government seeking additional European funding through Portugal 2030 and other EU financing instruments.

BlueCrow Capital backs Portuguese acoustic solutions startup Offcoustic in combined investment and financing round

by

J+Legal advised BlueCrow Capital in a financing operation for Offcoustic, a Portuguese startup developing acoustic cabin solutions for work environments and co-working spaces. The transaction involved a combined investment and financing structure to support the company’s growth and productive capacity expansion.

Portugal Consolidates AI Gigafactory Plans in Sines, Scraps Secondary Pego Hub

by

Portugal’s Iberian candidacy for a European Commission AI gigafactory project will concentrate all operations in Sines rather than establishing a secondary hub in Pego. The €8 billion investment from public and private funds will create an AI infrastructure facility with 150 MW computing capacity, expected to be fully operational by 2028. Spain’s location is Tarragona in Catalonia.

Portuguese Festive Lighting Company Launches Ice Show Expansion Into Spain

by

AM Experience by MK Illumination, a Portuguese company based in Braga specializing in festive illuminations and ice shows, reported 8 million euros in revenue for 2025, up from 6.8 million in 2024. The festive lighting division generated 5 million euros with 2.6 million from Spain operations. The company is expanding its ice show concept to Spain, launching in PuertoVenecia shopping center in Zaragoza in November with plans to expand to Madrid, Barcelona, Seville, Corunha and Bilbao. The ice show is expected to attract 60,000 spectators and generate 1 million euros in revenue over seven weeks.

Portuguese Sustainable Food Startup Corial Foods Welcomes Two New Investors Through Capital Conversion

by

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

by

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

by

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

by

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

by

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 Withdraws Aviation Fuel Batch From Azores Airport Over Quality Concerns

by

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.