Correio da Manhã reports the sale of assets linked to GES generated €149 million. The transaction is presented as a recovery of value from assets tied to the group's past difficulties; reporting focuses on the cash raised rather than buyer details. Business observers and creditors should watch for follow-on sales or announcements that affect creditor positions or local markets.
Sale of GES assets raises €149 million
Tuesday, 17 February 2026AI summary
Context & Explainers
GES refers to Grupo Espírito Santo, a large Portuguese banking and industrial group whose collapse in 2014 led to prolonged insolvency proceedings and the sale of assets to repay creditors. Recent reports that the sale of GES assets raised about €149 million matter to creditors, investors and anyone monitoring corporate restructurings or property sales in Portugal.
