Latest news with #Lisboa
Bloomberg
3 days ago
- Business
- Bloomberg
Portugal President to Meet Parties Before Naming Prime Minister
Portuguese President Marcelo Rebelo de Sousa will hold meetings with parties on Thursday after the May 18 election vote count was concluded. The early election was won by Prime Minister Luis Montenegro's center-right AD coalition, which added seats in parliament while still falling short of an absolute majority.
Forbes
4 days ago
- Business
- Forbes
Real Madrid Makes Top Transfer Target Offer, Reports Market Expert
Spanish soccer giant Real Madrid has made an official offer for one of its top transfer targets ... More according to market expert Fabrizio Romano, who cited anonymous sources on Twitter. Spanish soccer giant Real Madrid has made an official offer for one of its top transfer targets according to market expert Fabrizio Romano, who cited anonymous sources on X, formerly known as Twitter. 'Real Madrid have now made official club to club contact with Benfica for Álvaro Carreras, deal could be done soon!,' Romano tweeted. 'Talks are now underway. Agreement already done with the player on personal terms. Excellent relationship between Benfica and Real,' the Italian added. Carreras is of course of course a former star of Madrid's La Fabrica academy who left the club in 2017 as a teenager. From said year until 2020, he continued his youth soccer journey at Manchester United and turned professional in northwestern England though he failed to make a single senior appearance for the Red Devils amid loan spells at Preston North End and Granada in his homeland Spain. Another temporary assignment in Lisbon proved the most successful of the three while still on United's books, and Portuguese giants Benfica made the deal permanent by reportedly paying a €6 million fee for the left back which would be mandatory if he started more than 50% of his new club's games. Carreras did that and then some, and played a pivotal role in Benfica's run to the Champions League last 16. Though his team fell to Spanish domestic kings FC Barcelona, Carreras was commended for doing a good job of keeping Lamine Yamal under wraps, which might have influenced Madrid president Florentino Perez's decision to make a pursuit for the 22-year-old. Romano didn't quote any figures for the potential capture, but Defensa Central, citing anonymous sources, reported that Madrid will offer a maximum of €30 million for his services. Buying Carreras would see Madrid continue to make defensive reinforcements after Perez refused to do so in past seasons while Carlo Ancelotti was still in charge. Already, we have seen Los Blancos sign Dean Huijsen from Bournemouth by triggering his £50 million release clause. In the coming weeks, we should also expect to see Trent Alexander-Arnold become a Real Madrid Galactico by switching allegiances on a free transfer from Liverpool.
Bloomberg
5 days ago
- Business
- Bloomberg
CaixaBank Pushes Back on Opposition to Spanish Banks in Portugal
The head of CaixaBank SA 's Portuguese unit sought to refute criticism that Spanish banks have too much influence in the country, saying their investment was vital in strengthening Portugal's finance industry when others pulled back. 'I think consolidation is a European goal,' Banco BPI Chief Executive Officer Joao Pedro Oliveira e Costa said at a conference in Lisbon. 'We need to focus more on what unites us than what separates us.'
Yahoo
7 days ago
- Sport
- Yahoo
🗞️Front pages: a legendary tribute and Barça Women's shock defeat
This article was translated into English by Artificial Intelligence. You can read the original version in 🇪🇸 here. Modric and Ancelotti received the affection of the madridistas yesterday, a tribute to the height of their legend at Real Madrid. Bitterer were the scenes in Lisbon, where Barcelona Femenino fell in the Champions League final against an Arsenal that nobody gave as favourite. 📸 OSCAR DEL POZO - AFP or licensors
Reuters
22-05-2025
- Business
- Reuters
Spanish bank buying Novo Banco is not in Portugal's interest, minister says
LISBON, May 22 (Reuters) - Portugal is concerned about over-dependence on Spain in its banking sector and views an acquisition of its fourth-largest lender Novo Banco by a Spanish bank as contrary to the country's interests, its acting Finance Minister said. According to Spanish media reports, the country's Caixabank ( opens new tab, which owns Portugal's fifth largest bank BPI, was weighing a bid for Novo Banco, although the Spanish bank has not commented on those reports. "Spanish banks already represent roughly a third of the Portuguese banking market and, for reasons of concentration and dependence, this figure should not rise," Joaquim Miranda Sarmento told broadcaster RTP late on Wednesday. "It is in the country's interest that there is no excessive dependence or concentration in our banking sector in the hands of banks from a single country such as Spain," he said, without elaborating why it would be of concern. Unlisted Novo Banco, which is 75% owned by U.S. private equity fund Lone Star, in February began preparations for an initial public offering of 25%-30% of its capital but a full sale has not been ruled out. Miranda Sarmento said it was up to majority stakeholder Lone Star to decide on whether float the bank or sell it. The remaining 25% stake in the lender is held by a resolution fund, which is financed by Portugal's banks and the Portuguese state. While the stake does not allow the state the power to block a deal, it would be difficult to finalise it without the government's consent. Last June, the CEO of state-owned Caixa Geral de Depositos (CGD) Paulo Macedo said Portugal's largest bank was considering buying another lender to preserve its market leadership in the face of expansion by foreign banks, particularly those from Spain. Should CGD make a bid "alone or together with another bank" for Novo Banco, the Portuguese state would have the final say on the transaction in such a scenario, Miranda Sarmento said. Portugal's top five banks, which also include Millennium bcp ( opens new tab and the Portuguese unit of Spain's Santander ( opens new tab control more than 80% of the country's banking assets.
