Business

CTT begins process to sell controlling stake in Banco CTT

CTT announced the start of the process to sell its controlling stake in Banco CTT, currently holding 91.5% of the shares.

5 November 2026Tagblick Newsdesk

AI-generatedWritten by an AI system, editorially responsible — how we work

Archive photo: CTT begins process to sell controlling stake in Banco CTT — Archive photoPhoto: GualdimG · Wikimedia Commons · CC BY-SA 4.0

CTT announced today that it has initiated the process to sell a controlling stake in Banco CTT, in which it holds 91.5% of the capital. The decision was made by the company's Board of Directors, which also indicated that no deadlines have been disclosed for the completion of the process.

This move is part of a strategic reassessment of CTT's options regarding its financial institution. Bloomberg had previously reported, in July, that the Spanish bank BCC-Grupo Cooperativo Cajamar expressed interest in acquiring this controlling stake.

In addition to the sale, CTT also announced a drop in profits and a downward revision of its financial forecasts. The new European Union framework for e-commerce was mentioned as one of the factors negatively affecting the company's revenue this year.

CTT informed the Comissão do Mercado de Valores Mobiliários (CMVM) about its decision to sell. In July, the company received an unsolicited expression of interest that resulted in this sale action.

The impact of this decision on the company's shares was significant, resulting in a sharp decline. The difficulties in the sector and the need to adapt to new regulations were underscored as factors putting pressure on the company's results.

CTT is undergoing a period of transformation, with the sale of its position in Banco CTT being one of many changes in its strategy. Adapting to the new challenges is expected to take time, and more information about the ongoing process is anticipated.

This item was written by an AI system on the basis of the headlines and short teasers of the independently operating newsrooms named below. We disclose this under Art. 50(4), second subparagraph, of Regulation (EU) 2024/1689 (AI Act). Before publication we check origin and verifiability — anything that appears in only one place is not published — as well as language, substance and legally sensitive content. No separate substantive review of each individual item by a natural person takes place; we therefore do not rely on the exemption in Art. 50(4), second subparagraph, of the AI Act. Editorial responsibility for this publication rests with the person named in the imprint (§ 18 Abs. 2 MStV). Please report errors to [email protected] — we will correct or remove the item. Full reports are available from the sources listed.