All news
Politics
Business
Technology
Incidents
Sports
Weather
Science
Entertainment
World
Real Estate
AI News
Crédit Agricole sues Salgado, Morais Pires, and Rioforte for one billion
Business
Инвестиции
Lisboa

Crédit Agricole sues Salgado, Morais Pires, and Rioforte for one billion

ZAP Notícias3 September 2026 at 16:00

The lawsuits were filed at the Judicial Court of the District of Lisbon on July 20, and assigned on Tuesday to the Central Civil Court of Lisbon. Crédit Agricole and its insurer Predica took legal action against Ricardo Salgado, Amílcar Morais Pires, and Rioforte Investments, in two actions that together exceed one billion euros.

In the first action, Crédit Agricole, a historic shareholder of Banco Espírito Santo (BES), is seeking compensation of 855.3 million euros. In 2014, the year when the resolution measure was applied to the bank, Crédit Agricole held a direct 14.6% stake in BES.

The actions target former BES executives and the holding company Rioforte Investments, in a process related to the bank's collapse that occurred in the same year. The total value of the two actions exceeds one billion euros, representing one of the largest legal proceedings related to the BES crisis.

Related articles

União Europeia sem risco imediato de abastecimento de gás apesar de reservas baixasPhoto by Marta Branco on Pexels
Business

European Union without immediate risk of gas supply despite low reserves

The European Commission announced that, although EU gas storage levels are below those recorded in previous years, there is no immediate risk to energy supply security. The Gas Coordination Group's assessment indicates that the EU is more prepared than in 2021 and 2022, thanks to the diversification of supply sources, increased LNG import capacity and reduced demand. However, instability in the Middle East keeps Qatar's LNG production suspended, and heat waves in Europe increased gas demand for electricity production, causing price volatility. Portugal stands out with 93.08% of reserves full, one of the highest rates in the EU. A new group meeting is scheduled for September 24.

Jornal Económico04/09/26, 00:26
A inflação de invernoPhoto by Daniel Dan on Pexels
Business

Winter inflation

Several signs suggest that inflation could remain elevated during the winter in the Eurozone, with year-on-year inflation reaching 3.3% in August, the highest value in three years, driven mainly by energy prices. Fuel prices remain high, natural gas is trading at three-year highs and strategic reserves are historically low, which could cause difficulties if winter is harsh. In food, the El Niño phenomenon and the closure of Black Sea ports are raising fears of a new price surge. The possibility of more aggressive policies from Donald Trump in the second half of his term also contributes to the uncertainty scenario, potentially influencing wage negotiations for 2027 and transforming supply shocks into more structural inflation.

Jornal Económico04/09/26, 00:12
Conselho de Supervisão da Volkswagen aprova plano que prevê despedir 50 mil trabalhadores
Business

Volkswagen Supervisory Board approves plan that foresees laying off 50,000 workers

Volkswagen's Supervisory Board approved a plan that foresees laying off 50,000 workers, in addition to the 50,000 already announced previously, making a total of approximately 100,000 jobs to be eliminated in Germany by 2030, representing about 15% of the total workforce of the automotive group.

Expresso04/09/26, 00:12
Juntos antes do “sim”: o que já mudou entre o Mercosul e a EuropaPhoto by Rientje Maya Christina on Pexels
Business

Together before the "yes": what has already changed between Mercosur and Europe

The trade agreement between Mercosur and the European Union has been provisionally in force since May 1, functioning as a "de facto union" that already produces real effects, although the full Partnership Agreement still awaits an opinion from the EU Court of Justice, expected by the end of 2027. In the first two months, Brazilian exports to Europe grew by 10 billion reais, an increase of 26% compared to the previous year, driven by products such as mango, coffee and honey. States such as Ceará and Goiás are already feeling significant impacts, with Goiás projecting the creation of 24,200 jobs. While the court has not yet ruled, issues such as safeguard mechanisms for French farmers and the sustainability chapter remain open, leaving companies operating with reduced tariffs but without the definitive political framework of the agreement.

Jornal Económico04/09/26, 00:10