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Financial markets, PSI-20 performance, and investment news in Portugal.
Muddy Waters Drags Mota-Engil Into a Texas Civil-Defamation Action Over Carlos Mota Santos's December 2024 Expresso Interview — Group Frames the 19 December 2025 Filing as Carrying 'Little Relevance' to Operations

Muddy Waters Drags Mota-Engil Into a Texas Civil-Defamation Action Over Carlos Mota Santos's December 2024 Expresso Interview — Group Frames the 19 December 2025 Filing as Carrying 'Little Relevance' to Operations

Muddy Waters Capital sued Mota-Engil in a Texas civil court on 19 December 2025 for defamation tied to a December 2024 Expresso interview with CEO Carlos Mota Santos. The group has filed for dismissal and CFO José Carlos Nogueira frames the case as carrying 'little relevance' to operations.
The Portugal Brief
Decreto-Lei 97/2026 Pins a 10% IMT Penalty on IVA-6% Homebuyers Who Vacate the Primary Residence Inside 12 Months — Pacote Fiscal Habitação Bolts the Affordable-Housing Loophole as Diário da República Publishes Tuesday 20 May

Decreto-Lei 97/2026 Pins a 10% IMT Penalty on IVA-6% Homebuyers Who Vacate the Primary Residence Inside 12 Months — Pacote Fiscal Habitação Bolts the Affordable-Housing Loophole as Diário da República Publishes Tuesday 20 May

Decreto-Lei 97/2026, in the DR on Tuesday 20 May, slaps a 10% IMT surcharge on any IVA-6% homebuyer who fails to designate the property as primary residence within six months — or vacates inside the first 12 months. Marriage, divorce and new dependents are the only carve-outs.
The Portugal Brief
Mota-Engil Books a Record €35 Million Q1 Profit on Brazilian Backlog Push — Carteira de Encomendas Stretches to €16.9 Billion as Santos-Guarujá Tunnel Anchors the New Pipeline

Mota-Engil Books a Record €35 Million Q1 Profit on Brazilian Backlog Push — Carteira de Encomendas Stretches to €16.9 Billion as Santos-Guarujá Tunnel Anchors the New Pipeline

Mota-Engil closes Q1 2026 with €35 million of net profit, the strongest first quarter in the company's history at +31% YoY. Revenue lifts to €1,394 million, EBITDA crosses €234 million at a 17% margin and the order book stretches to €16.9 billion, equivalent to 3.6 years of activity.
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