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Business news, startups, investments, and corporate developments in Portugal.
ASF's Fundo de Acidentes de Trabalho Settles €10.4 Million to Sinistrados and Pensionistas in 2025 — €52 Million Reimbursed to Insurers on Pension Updates as 2,001 Indemnity Files Sit Inside the FAT Perimeter

ASF's Fundo de Acidentes de Trabalho Settles €10.4 Million to Sinistrados and Pensionistas in 2025 — €52 Million Reimbursed to Insurers on Pension Updates as 2,001 Indemnity Files Sit Inside the FAT Perimeter

ASF's 2025 reading of the Fundo de Acidentes de Trabalho lands direct payments to sinistrados at €10.4 million, up 1.47% YoY, with €52 million reimbursed to private seguradoras on pension updates and 2,001 indemnity files inside the FAT perimeter at year-end.
The Portugal Brief
Jerónimo Martins Shutters the 18-Store Hussel Chocolate Network by 27 April — Eight Permanent Staff Move to Pingo Doce After the 2024 Hussel GmbH Bankruptcy and the €893,000 Loss

Jerónimo Martins Shutters the 18-Store Hussel Chocolate Network by 27 April — Eight Permanent Staff Move to Pingo Doce After the 2024 Hussel GmbH Bankruptcy and the €893,000 Loss

Jerónimo Martins confirmed on 18 May that all 18 Hussel chocolate stores closed by 27 April, with 8 of 60 permanent staff moving to Pingo Doce. The wind-down follows the 2024 bankruptcy of German parent Hussel GmbH, a €893,000 net loss at the Portuguese subsidiary and the cocoa-price bull cycle.
The Portugal Brief
TAP Confirms 28 April Sale of 49.9% SPdH Handling Stake to Menzies Aviation as European Commission Restructuring-Plan Commitment — Sérvulo Advisory Surfaces Tuesday 18 May, Closing Subject to Remaining Conditions Precedent

TAP Confirms 28 April Sale of 49.9% SPdH Handling Stake to Menzies Aviation as European Commission Restructuring-Plan Commitment — Sérvulo Advisory Surfaces Tuesday 18 May, Closing Subject to Remaining Conditions Precedent

TAP Air Portugal signed the contracts disposing of its 49.9% stake in SPdH — Serviços Portugueses de Handling to Menzies Aviation Portugal on Tuesday 28 April 2026 , with the deal surfacing publicly on Monday 18 May 2026 through the advisory...
The Portugal Brief
AdC Greenlights Jerónimo Martins, Visabeira and B&B Joint Buyout of Algarve Construction-Waste Operator Europontal on 15 May — Pingo Doce Holding Crosses Into Non-Hazardous RCD

AdC Greenlights Jerónimo Martins, Visabeira and B&B Joint Buyout of Algarve Construction-Waste Operator Europontal on 15 May — Pingo Doce Holding Crosses Into Non-Hazardous RCD

The Autoridade da Concorrência cleared the three-way Jerónimo Martins / Visabeira / B&B acquisition of Europontal on Friday 15 May 2026 with a non-opposition decision. The Algarve operator collects non-hazardous construction and demolition waste — Pingo Doce's parent enters a new vertical.
The Portugal Brief
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