Businesses in Portugal should consider merging to boost competitiveness

Portuguese companies need to start embracing the idea of consolidation if they want to become major players in a global industry, according to Alexandre Jardim, partner at pbbr in Portugal.

“Right now everyone is thrilled as the real estate, insurance, tourism and banking sectors in Portugal have had a lot of interest from foreign investors, which has meant there has been a lot of M&A going on,” Jardim says. “The trouble is that we are seeing our country’s assets being sold and not being extended and this is concerning.”