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CTT Correios de Portugal SA (CTT.LS)

CTT.LS on Lisbon Stock Exchange

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Latest Key Developments (Source: Significant Developments)

CTT Appoints Joao Afonso Ramalho Sopas Pereira Bento As New CEO
Monday, 13 May 2019 

May 13 (Reuters) - CTT Correios de Portugal SA ::APPOINTS JOÃO AFONSO RAMALHO SOPAS PEREIRA BENTO AS NEW CEO WITH EFFECT AS OF 22 MAY.  Full Article

CTT Vice-Chairman And CEO Resigns
Monday, 13 May 2019 

May 13 (Reuters) - CTT Correios de Portugal SA ::SAID ON FRIDAY THE VICE-CHAIRMAN AND CEO FRANCISCO DE LACERDA RESIGNED FROM THOSE POSITIONS.SAYS FRANCISCO DE LACERDA CONSIDERS THAT THE DECISION IS IN THE INTEREST OF THE COMPANY AS IT UNDERTAKES THE TRANSITION OF THE EXECUTIVE TEAM´S LEADERSHIP AT THIS STAGE OF THE TRANSFORMATION OF THE COMPANY.  Full Article

CTT To Pay Gross Dividend Of 0.10 Eur/Shr On May 17
Tuesday, 23 Apr 2019 

April 23 (Reuters) - CTT Correios de Portugal SA ::TO PAY GROSS DIVIDEND OF 0.10 EURO PER SHARE.  Full Article

CTT Says Regulator Draft Decision On 2016 Partition Of Costs Between Postal And Banking Is Inaccurate
Monday, 18 Feb 2019 

Feb 18 (Reuters) - CTT Correios de Portugal SA ::SAYS TO CHALLENGE REGULATOR DECISION REGARDING PARTITION OF COSTS BETWEEN IT'S POSTAL AND BANKING ACTIVITIES.SAYS REGULATOR'S DRAFT DECISION DOES NOT IMPACT THE STATUTORY RESULTS ALREADY DISCLOSED.  Full Article

-CTT Says Is Challenging ANACOM Decision Regarding Quality Of Service
Friday, 19 Oct 2018 

Oct 19 (Reuters) - CTT Correios de Portugal SA ::SAID ON THURSDAY IS CHALLENGING THE DECISION OF ANACOM - AUTORIDADE NACIONAL DE COMUNICACOES, REGARDING PARAMETERS OF QUALITY OF SERVICE AND PERFORMANCE TARGETS FOR UNIVERSAL POSTAL SERVICE (USO).SAYS IS APPLYING FOR A DECLARATION OF INVALIDITY BY MEANS OF ARBITRATION AND ADMINISTRATIVE PROCEDURES.IN THE EVENT ANACOM'S DECISION IS NOT DECLARED INVALID, CTT SUBMITS A SUBSIDIARY CLAIM FOR COMPENSATION UNDER THE USO CONCESSION AGREEMENT.ESTIMATES ADDITIONAL COSTS OF UP TO 12 MILLION EUROS PER YEAR IN THE TWO YEARS UNTIL 2020 TO BRING COMPANY CLOSER TO ACHIEVING THE SET TARGETS OF REGULATORY FRAMEWORK.  Full Article

GreenWood Investors Increases Voting Rights in CTT To 5 Pct
Monday, 20 Aug 2018 

Aug 20 (Reuters) - CTT Correios de Portugal SA (CTT) ::SAID ON FRIDAY GREENWOOD INVESTORS LLC NOW HOLDS 5 PERCENT OF VOTING RIGHTS IN CTT VERSUS PREVIOUSLY STATED 2.32 PERCENT.  Full Article

CTT: Greenwood Investors Reaches 2.32 Percent Stake
Wednesday, 27 Jun 2018 

June 27 (Reuters) - CTT Correios de Portugal SA ::GREENWOOD INVESTORS LLC FROM UNITED STATES REACHES 2.32 PERCENT STAKE IN CTT.  Full Article

CTT And Sonae To Create JV And Exploit Business Opportunity In E-Commerce Market
Friday, 15 Jun 2018 

June 15 (Reuters) - CTT Correios de Portugal SA ::SAID ON THURSDAY ENTERED INTO AGREEMENT WITH SONAE SGPS SA TO CREATE JOINT VENTURE TO EXPLOIT BUSINESS OPPORTUNITY IN E-COMMERCE MARKET.SAYS CREATED COMPANY WILL HAVE SONAE (50 PERCENT) AND CTT (50 PERCENT) AS ITS SHAREHOLDERS.IMPLEMENTATION OF PROJECT INVOLVES INVESTMENT OF 10 TO 15 MILLION EUROS IN FIRST TWO YEARS OF OPERATION, EQUALLY SPLIT BETWEEN THE TWO COMPANIES.CREATED E-COMMERCE PLATFORM TO PROVIDE INTEGRATED SERVICES FOR INTERMEDIATION OF COMMERCIAL RELATIONS BETWEEN SELLERS AND CONSUMERS.  Full Article

CTT To Sell Property In Lisbon For 10.3 Mln Euros
Tuesday, 15 May 2018 

May 15 (Reuters) - CTT Correios de Portugal SA ::SAYS SIGNS 10.3 MILLION EURO REAL ESTATE SALE PROMISSORY AGREEMENT FOR PROPERTY IN LISBON.SAYS DEAL WILL REPRESENT PRE-TAX ACCOUNTING GAIN OF APPROXIMATELY 8.5 MILLION EUROS.  Full Article

CTT Sells Real Estate In Lisbon For 16 Mln Euros
Monday, 18 Dec 2017 

Dec 18 (Reuters) - CTT CORREIOS DE PORTUGAL SA ::SELLS REAL ESTATE IN LISBON FOR 16 MILLION EUROS WITH 2 MILLION EURO TAX IMPACT.  Full Article