Latest news and stories about sovereign wealth fund in Portugal for expats and residents.
Parpública holds 19 companies, nine of them entirely, from the Mint to Águas de Portugal. However, the Government has already authorised the sale of non-strategic stakes and is preparing a sovereign wealth fund that may include its position in Galp.
The creation of that fund, whatever legal form it may take, will provide jobs for many people, at a time when desirable positions in the public business sector are not exactly abundant.
The Prime Minister's recent public defence regarding the urgency of creating a sovereign wealth fund in Portugal reflects, in my opinion, a seductive political narrative, but one deeply disconnected from the country's economic reality. By presenting this vehicle as the providential instrument to boost strategic investment and attract capital on a global scale, the leadership...
The Portuguese government's plan to create a sovereign wealth fund arrives as geopolitics increasingly shapes the global economy. While the move aligns with European trends of protecting sensitive sectors, it requires careful definition of what is truly 'strategic'. Past privatisations, such as those under Passos Coelho, have left the state with a fragmented portfolio. The author argues that if the fund is to be effective, it should focus on consolidating existing state assets like CGD and Galp to provide stable financing, rather than intervening in private markets where capital is already available for viable projects. Without a clear economic or industrial strategy, the fund risks becoming an opaque tool for political interests rather than a driver of national autonomy.
The union leader criticised the Government for “selling off” important sectors of the economy at a bargain, only to now “inject a small part of the workers' money” back into the private sector.
EDP's CEO, Miguel Stilwell d'Andrade, stated that all investors are welcome in the company, noting that it operates in a free market. He declined to comment on the potential impact of a new Portuguese sovereign wealth fund on the energy sector, citing a lack of details. Stilwell d'Andrade highlighted that EDP's diverse international shareholder base has been crucial for financing growth and strengthening the company's balance sheet, while also rejecting any executive interference from its largest shareholder, China Three Gorges.
The executive wants a sovereign wealth fund financed by debt. Potential 'targets' are keeping quiet.
A stake in REN is another possibility. There is also the case of CTT, in which Parpública holds a 0.25% position. Furthermore, Martínez assures that the national team is prepared for the match against Uzbekistan.
The world's largest sovereign wealth fund, Norway's, holds positions in eight companies in Portugal. Funds from Singapore and the United Arab Emirates have had, currently have, and may come to have greater influence.
The announcement was made by Luís Montenegro during his closing speech at the PSD congress in Anadia. Also in this bulletin, we cover the ongoing World Cup matches.
Iran may abandon negotiations with the United States if Lebanon's sovereignty is not guaranteed. Also in this news bulletin, Luís Montenegro's promise regarding the new Portuguese sovereign wealth fund.
Prime Minister Luís Montenegro has announced plans to create a Portuguese sovereign wealth fund (Fundo Soberano) that would allow the State to take equity stakes in strategic companies operating in The post Montenegro unveils sovereign wealth fund to invest in strategic sectors appeared first on Portugal Resident.
Portugal will establish a sovereign wealth fund, managed within the framework of the IGCP, to allow state intervention in strategic sectors such as energy, banking, communications, and infrastructure, revealed Luís Montenegro at the closing of the PSD congress in Anadia (Aveiro). In a speech that began with implicit references to the decision...
