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Business news, startups, investments, and corporate developments in Portugal.
CaetanoBus' Japanese Shareholder Mitsui Cuts Its Stake to 19.7% as British National Express Cancels 60% of Coach Orders — Ovar Plant Books a 2025 €13.8 Million Loss and 88-Worker Layoff Through June

CaetanoBus' Japanese Shareholder Mitsui Cuts Its Stake to 19.7% as British National Express Cancels 60% of Coach Orders — Ovar Plant Books a 2025 €13.8 Million Loss and 88-Worker Layoff Through June

Mitsui's CaetanoBus stake halves from 38% to 19.7% after declining a €15M capital increase, as the British National Express cancels 60% of orders, a Vila Nova de Gaia plant fire and €20M+ revenue hit pile up. 2025 net loss €13.8M, 88-worker layoff through June.
The Portugal Brief
Brasília's ANP Approves Galp's Berbigão and Sururu Unitization Agreements Eight Years After Submission — The Portuguese Producer Settles at 6.45% in Berbigão and 9.497% in Sururu of the Pre-Sal Block BM-S-11A That Has Been Pumping Since 2019

Brasília's ANP Approves Galp's Berbigão and Sururu Unitization Agreements Eight Years After Submission — The Portuguese Producer Settles at 6.45% in Berbigão and 9.497% in Sururu of the Pre-Sal Block BM-S-11A That Has Been Pumping Since 2019

Brazil's Agência Nacional do Petróleo cleared Galp's eight-year-pending unitization for Berbigão and Sururu on 4 May 2026. Galp's stake settles at 6.45% / 9.497% — and the Lisbon producer says financials already book the change since Q3 2022.
The Portugal Brief
Vila Nova de Famalicão's Ysium Walks From Leica Optics Into Defence and Aerospace — Hugo Freitas Books a €10 Million-Plus 2026 With Leopard 2 Stabilisers, Sniper-Sight Components and Galileo Satellite Parts From the Ex-Leica Plant

Vila Nova de Famalicão's Ysium Walks From Leica Optics Into Defence and Aerospace — Hugo Freitas Books a €10 Million-Plus 2026 With Leopard 2 Stabilisers, Sniper-Sight Components and Galileo Satellite Parts From the Ex-Leica Plant

Famalicão's Ysium — founded by Hugo Freitas in 2014 with €500,000 capital — has pivoted from Leica optical components to defence and aerospace precision parts. 2026 revenue: €10M+, 70 employees, contracts in the Leopard 2 stabiliser line and the Galileo constellation.
The Portugal Brief
Paulo Mirpuri, Founder of Air Luxor and Hi Fly, Has Died — A Lisbon Aviation Pioneer Who Built Portugal's Largest Charter Operator and the Conservation Foundation Behind It

Paulo Mirpuri, Founder of Air Luxor and Hi Fly, Has Died — A Lisbon Aviation Pioneer Who Built Portugal's Largest Charter Operator and the Conservation Foundation Behind It

Paulo Mirpuri died Saturday 2 May 2026. The Lisbon entrepreneur founded Air Luxor in 1988 (peak 2002: 1M passengers, €100M revenue) and Hi Fly in 2005, the charter and ACMI operator that put Portuguese widebodies on every continent and ran the only A380 in the world outside scheduled service.
The Portugal Brief
Pingo Doce's 256-Restaurant Footprint and Continente's Cozinha Continente Drive a Fair-Competition Fight Inside Portugal's Restaurant Sector — AHRESP Says Microenterprises Cannot Match the Central-Kitchen Model

Pingo Doce's 256-Restaurant Footprint and Continente's Cozinha Continente Drive a Fair-Competition Fight Inside Portugal's Restaurant Sector — AHRESP Says Microenterprises Cannot Match the Central-Kitchen Model

Sunday Público reportage: Pingo Doce runs 256 in-store restaurants and is on track to be Portugal's largest restaurant chain. Continente's Cozinha Continente rolls out across a 500-store target. AHRESP says the central-kitchen model is not fair competition for microenterprises.
The Portugal Brief