Tomás Vaz Pinto: Portuguese M&A market remains resilient despite instability in the Middle East

Despite the worsening geopolitical instability in the Middle East, Tomás Vaz Pinto, Partner and Head of Corporate and M&A at Morais Leitão, maintains a positive outlook on the evolution of the mergers and acquisitions market in Portugal.

Speaking to Jornal Económico, Tomás Vaz Pinto highlights that, so far, the conflict has had no direct impact on activity: “We have not yet felt any effect, but if the conflict continues, that possibility cannot be excluded.” He notes, however, that in a globalised context, even economies seemingly distant from conflict zones are ultimately affected, particularly if instability persists.

Impact of the Middle East conflict not yet reflected in transactions

The current assessment is therefore one of market resilience. Our lawyer states that M&A activity in Portugal remains strong, countering the traditionally inhibiting effect of uncertainty on investment. This dynamic suggests that the market’s structural fundamentals continue to support investor interest.

The medium-term outlook remains constructive. “We remain optimistic,” he adds, reinforcing confidence in the Portuguese market’s ability to absorb external shocks and maintain consistent levels of activity.

Market outlook depends on the duration of the conflict and global context

Future developments will largely depend on the duration and intensity of the conflict and its impact on energy and financial markets. Nevertheless, the current environment points to continued activity, with potential adjustments but no signs of a significant slowdown.

Read the full article in Jornal Económico.