Geography of Portugal Geography of Portugal Portugal is a coastal nation in southwestern Europe, located at the western end of the Iberian Peninsula, bordering Spain (on its northern and eastern frontiers: a total of ). The Portuguese territory also includes a series of archipelagos in the Atlantic Ocean (the Açores and Madeira), which are strategic islands along the North Atlantic. The extreme south is not too far from the Strait of Gibraltar, leading to the Mediterranean Sea. In total, the country occupies an area of of which is land and water. Despite these definitions, the Portugal-Spain border remains an unresolved territorial dispute between
Altice Portugal Bank (5.01%). After privatization the Portuguese government owned 500 golden shares in PT, which carried special rights over the company's management decisions and blocked any one shareholder from holding more than 10% of voting rights within the company. The golden shares were the subject of a long running dispute between the government and the European Commission, which alleged that their existence was illegal under EU law. Portugal argued that the shares were in the public interest. A case brought before the European Court of Justice by the Commission to force the government to cede its shares resulted in the announcement