Nearly half the investment in M&A in Portugal in Q1 is Chinese

Chinese investors put about €1.5 billion (US$1.84 billion) into mergers and acquisitions in Portugal in the first quarter of this year, Economia Online reports.

The Portuguese website, citing data compiled by Transactional Track Record, says the value of all M&A deals in Portugal in the first quarter was €3.1 billion, 43.4 percent less than a year earlier.

The most expensive deal in the quarter was the acquisition of three shopping centres in Portugal by French retailer Immochan at 450 million euros, the report noted.

Spanish investors did 10 M&A deals in Portugal during the quarter, a greater number than investors from any other single country, Economia Online reports.