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Business news, startups, investments, and corporate developments in Portugal.
PSI-Listed Executive Compensation Stretches to 53× the Worker Average in 2025 — Pedro Soares dos Santos Pulls €5 Million at Jerónimo Martins as 15 Top Managers Pool More Than €23 Million

PSI-Listed Executive Compensation Stretches to 53× the Worker Average in 2025 — Pedro Soares dos Santos Pulls €5 Million at Jerónimo Martins as 15 Top Managers Pool More Than €23 Million

Saturday's PSI remuneration-report analysis puts CEO pay at the 15 largest Lisbon-listed companies at 53× the average worker salary. Pedro Soares dos Santos tops the table at €5M gross — equivalent to 223 annual median wages — as the combined executive pool clears €23 million.
The Portugal Brief
Brisa Posts €173.4M Net Profit for 2025, 44% Below the €309.5M 2024 Print Despite an EBITDA Lift to €860.9M and 13% Operating-Revenue Growth — €96.2M Financial-Results Swing and 35.8% Operating-Cost Jump Carry the Hit

Brisa Posts €173.4M Net Profit for 2025, 44% Below the €309.5M 2024 Print Despite an EBITDA Lift to €860.9M and 13% Operating-Revenue Growth — €96.2M Financial-Results Swing and 35.8% Operating-Cost Jump Carry the Hit

Brisa closes 2025 at €173.4M net profit, 44% below the €309.5M 2024 print, even as operating revenue lifts 13% to €1,231.6M, EBITDA gains 5.3% to €860.9M and the network handles 267.7M transactions (+3.5%) with Via Verde at 85.1%. €96.2M financial swing and €370.7M costs carry the hit.
The Portugal Brief
Miguel Pinto Luz Prepares a Modular Construction Acordo-Quadro for Câmaras Municipais After His Jornal de Negócios Podcast on Wednesday 13 May — Industrialised-Building Diploma Anchors the Government's Habitação Pipeline

Miguel Pinto Luz Prepares a Modular Construction Acordo-Quadro for Câmaras Municipais After His Jornal de Negócios Podcast on Wednesday 13 May — Industrialised-Building Diploma Anchors the Government's Habitação Pipeline

Infrastructure Minister Pinto Luz confirmed on a Jornal de Negócios podcast that an acordo-quadro for modular construction lands at the Conselho de Ministros within weeks. The framework opens municipal tenders to industrialised builders alongside the October 2025 design-build reform.
The Portugal Brief
Ibersol Pays €5.97 Million for a 75% Stake in Ten Galicia KFC Restaurants — Lisbon-Listed Operator Closes Gallaecia Buy-Out at a €9.6 Million Valuation, Iberian-and-Angolan Network Now 562 Units

Ibersol Pays €5.97 Million for a 75% Stake in Ten Galicia KFC Restaurants — Lisbon-Listed Operator Closes Gallaecia Buy-Out at a €9.6 Million Valuation, Iberian-and-Angolan Network Now 562 Units

Ibersol completed the buy-out of Gallaecia's KFC franchise in Galicia on 27 March 2026, paying €5.97 million for the remaining 75% of six companies running ten KFC restaurants. The deal values the group at €9.6 million. Lisbon-listed Ibersol now runs 562 units across Portugal, Spain and Angola.
The Portugal Brief
Altice International Converts €2.5 Billion of Intragroup Debt Into Meo Portugal Capital on 8 May — Operator's Share Capital Lifts From €17 Million to €2.535 Billion as Drahi's November 2025 Unrestricted-Subsidiary Defence Hardens Into a Liquidity Wall

Altice International Converts €2.5 Billion of Intragroup Debt Into Meo Portugal Capital on 8 May — Operator's Share Capital Lifts From €17 Million to €2.535 Billion as Drahi's November 2025 Unrestricted-Subsidiary Defence Hardens Into a Liquidity Wall

Altice International executed a €2.5 billion capital increase in kind at Meo Portugal S.A. on 8 May 2026, converting intragroup debt into share capital and lifting the operator's registered share capital from roughly €17 million to €2.535 billion in...
The Portugal Brief
Hovione Names António Almeida and Marco Gil Co-CEOs as Jean-Luc Herbeaux Steps Down on 21 May After Three-Year Run — Both Incoming Executives Carry 19-Year Tenures and the Permanent CEO Search Is Already Open

Hovione Names António Almeida and Marco Gil Co-CEOs as Jean-Luc Herbeaux Steps Down on 21 May After Three-Year Run — Both Incoming Executives Carry 19-Year Tenures and the Permanent CEO Search Is Already Open

Hovione, Portugal's flagship pharmaceutical contract-development-and-manufacturing group, will replace Jean-Luc Herbeaux with a two-person co-CEO bridge on 21 May 2026. António Almeida (CFO) and Marco Gil (SVP Sales & Marketing) take the top job jointly; both joined Hovione in 2007.
The Portugal Brief