06.01.2026

Practice Areas: Corporate and M&A

Type: Press

Source: ECO

José Maria Corrêa de Sampaio foresees a more favourable framework for the M&A market in 2026

José Maria Corrêa de Sampaio believes that the framework for the M&A market in 2026 may be more favourable, shaped by the caution imposed by the international context, supported by moderately positive macroeconomic indicators, incentives from the 2026 State Budget and public investment.

“The stabilisation of interest rates by the ECB represents a relevant factor for a market that is particularly sensitive to the cost of debt,” he said in statements to ECO, also referring to the tax incentives for investment provided for in the 2026 State Budget.

Although not specifically targeted at M&A, tax incentives for investment, the stimulation of the capital markets and the strengthening of Banco Português de Fomento could boost the middle market, with particular dynamism expected in the transport and infrastructure, industry and defence sectors, as well as technology, real estate and healthcare.

Read the statements here.

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