The CEO of Caixa Geral de Depósitos, Paulo Macedo, said that the bank is prepared to go ahead with joint ventures and mergers and acquisitions in the field of the ocean economy, as part of the launch of a platform that facilitates investment in this area.
As part of the launch of the Hub Azul Dealroom platform - which aims to match start-ups, SMEs and investors in blue economy projects - the CEO of Caixa Geral de Depósitos (CGD), Paulo Macedo, did not rule out possible joint ventures or future acquisitions to support the economy surrounding the oceans.
The Hub Azul Dealroom platform, launched on Monday, uses artificial intelligence to connect various players in the blue economy investment market (investors, start-ups and small and medium-sized enterprises) with common interests.
The technology identifies the profile of the start-ups and cross-references them with the investment funds on the platform, using open information from the Internet and Dealroom's proprietary algorithm, which allows "access to credible information on the types of investment, investors, start-ups and the market", said Manuel Melo, innovation manager at Fórum Oceano. "The Portuguese economy can only grow if it takes advantage of its resources," said the professor at Nova School Business of Economics.
This is why the project has attracted partners such as Caixa Geral de Depósitos, whose CEO, present at the ceremony, emphasised its importance "in reducing the ecological footprint" of companies and achieving zero emission goals. It was also in this context that he stated that CGD is prepared "to create joint ventures and carry out mergers and acquisitions', as well as issuing sustainable bonds and green bonds.
In addition to Caixa Geral de Depósitos, Euronext Lisbon was also one of the partners in the spotlight. Its CEO, Isabel Ucha, also referred to the central role that the blue economy has taken on in Europe. According to the CEO, in the last five years the blue economy on Euronext has increased by 30% and now has 200 companies in areas such as fishing, mining, maritime transport and tourism, among others.
News published on the basis of the original article in Jornal de Negócios: https://www.jornaldenegocios.pt/mercados/detalhe/cgd-esta-preparada-para-joint-ventures-e-aquisicoes-no-ambito-da-economia-azul