Business news, startups, investments, and corporate developments in Portugal.
The German group beat Air France-KLM by about 16 percent. Lufthansa will run TAP day to day, the State keeps the chair and a majority on the board, and the deal is not expected to close before 2028.
Schmidt Light Metal, which makes die-cast aluminium parts for the Volkswagen group, stopped production on 30 September. Most of its workers' contracts end on 7 December.
Earthworks are under way in Gostei on the close to 20 million euro plant, owned half by Cristiano Ronaldo and half by Grupo Outeirinho. It will start with 30 to 35 jobs and sell its water abroad.
EY counted 186 foreign investment projects announced in Portugal in 2025, down from 196, while Europe fell 7 percent to 5,026. Expansions rose to 37 percent of the total and tech and business services took 44 percent. Greater Lisbon grew.
Axioma Metering's plant in the Lordelo industrial park will make ultrasonic water and heat meters. Half the jobs are for highly qualified staff, the council says, in a town known for furniture.
The German electrolyser maker will spend 10 million to 14 million euros on a cell assembly hub at a business park in Gaia, backed by about 3.7 million euros of public money. The first cells are for a Spanish hydrogen plant. What is known, and what is not, including jobs.
BPCE calls the investment friendly and long term, caps it at 9.9 percent and will explore cooperation with Sabadell until early 2027. The statement sets out no role for Novo Banco, the Portuguese bank it bought in April.
