Madeleine McCann: Suspect Robert Murat settles libel claim
The newspapers involved - including Associated Newspapers, Express Newspapers, MGN Limited and News Group Newspapers - conceded that 34-year-old Mr Murat had no involvement in Madeleine's case.
Mr Murat, a British ex-pat and property developer, who lived 100 yards from where the missing girl was last seen in the Algarve 15 months ago, helped police with translation in the first few days after her disappearance.
He was questioned by police less than two weeks after she vanished and made an arguido, the Portuguese equivalent of a suspect, but has always strongly protested his innocence.
Speaking outside the High Court, Mr Murat said he felt "vindicated" by the apologies and payout.
He said the claims - which included the insinuation he had paedophile tendencies - had ruined his reputation.
"The newspapers in this case brought about the total and utter destruction of mine and my family's life and caused immense distress," he said.
"Today's statement of full apology in open court means I can emerge from this action vindicated and with the recognition and acknowledgement that what was said against me was wholly untrue."
Mr Murat, who was represented by London-based law firm Simons Muirhead and Burton, thanked all those who had supported him over the last year.
Asked if he thought it would be possible to rebuild his life, Mr Murat, who plans to continue to live in Portugal, said: "We are going to try."
He was accompanied by his friend Michaela Walczuch and IT consultant Sergey Malinka who also won compensation and an apology for libellous reports.
Mr Murat remains an arguido in the case of the missing girl, as do Madeleine's parents, Kate and Gerry McCann.
Earlier this year Express Newspapers printed front-page apologies to the McCanns for running stories falsely suggesting they were involved in their daughter's disappearance.
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by Caroline Gammell