Portuguese footballer Cristiano Ronaldo has invested 10 million euros in the production of mineral water, according to Sic Noticias.
Ronaldo's partner in the new business is Grupo Outeirinho, which has contributed an equal amount to the venture. The total investment in the project has reached 20 million euros, with production planned to be organized in Bragança.
A water bottling facility is already under construction in the village of Gostoei. The company plans to begin construction and sales in Portugal and abroad by the end of 2027. The brand is being developed by an Italian design company.
According to Grupo Outeirinho, the project's execution will create several dozen jobs. The company also stated that it controls 45 percent of the Portuguese water market.
Ronaldo previously was a co-owner of the mineral water brand Ursu9, which was launched in Madrid in June 2023.