Portugal

Portugal's EDP sells some Spanish gas assets for 236 mln euros

LISBON, Dec 16 - EDP-Energias de Portugal Spanish unit Naturgas agreed to sell natural gas distribution assets in three Spanish regions to Redexis, a holding company of Goldman Sachs Infrastructure Partners, for 236 million euros ($295 million), EDP said on Tuesday.

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Espirito Santo group in bad shape for years and chief knew, MPs told 11 Dec 2014

LISBON - The Espirito Santo Group (GES), whose collapse led to a state rescue of Portugal's second-largest bank in August, was a financially fragile "house of cards" for years and its chief knew of irregularities there, a former GES shareholder said.

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Espirito Santo chief denies wrongdoing, points finger at Bank of Portugal 09 Dec 2014

LISBON - The former head of Banco Espirito Santo on Tuesday denied any wrongdoing in the collapse of the bank his family founded and blamed the Bank of Portugal for accelerating its demise.

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Luxembourg rejects bankruptcy appeal by Espirito Santo's Rioforte 03 Dec 2014

BRUSSELS - A Luxembourg court on Wednesday confirmed that a holding company of Portugal's Espirito Santo family could not receive bankruptcy protection.

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Dos Santos launches bid for Portugal Telecom SGPS 01 Dec 2014

LISBON - Angolan investor Isabel dos Santos formally registered her offer for holding company Portugal Telecom SGSP on Monday, a spokesman said.

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Novo Banco should be sold to highest bidder - bankers 01 Dec 2014

LISBON - Novo Banco, the lender carved out of Banco Espirito Santo (BES) , should be sold to the highest bidder and its sale should not be limited by a deadline, the head of Portugal's largest listed bank said on Monday.

Apax, Bain submit offer for Portugal Telecom assets-sources 28 Nov 2014

LISBON - Private equity funds Bain Capital and Apax Partners, together with Portuguese conglomerate Semapa , submitted on Friday a firm offer to buy Portugal Telecom's operations in Portugal from Brazil's Oi , three sources said.

Altice to partner with Portgual's postal service if it wins telecom deal 28 Nov 2014

PARIS - Telecoms group Altice said it would partner with CTT, Portugal's postal service, on projects in the event that it won a bidding war with private equity funds to buy the country's incumbent telecom operator.

Altice to partner with Portgual's postal service if it wins telecom deal 28 Nov 2014

PARIS - Telecoms group Altice said it would partner with CTT, Portugal's postal service, on projects in the event that it won a bidding war with private equity funds to buy the country's incumbent telecom operator.

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Asian shares wither as OPEC's restraint hits oil 28 Nov 2014

TOKYO - Oil prices, oil-related shares and oil-linked currencies all tumbled in Asia on Friday, in the wake of OPEC's decision to refrain from cutting output despite a huge oversupply.

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EU leaders ready long confrontation with Russia

BRUSSELS - European Union leaders warned Moscow they were ready exercise their combined muscle over the long haul in a confrontation with an economically wounded Russia if President Vladimir Putin refused to pull back from Ukraine.