What's at stake in the Iberian merger (with Abu Dhabi involved)
The Portuguese market leader and Spain's second-largest operator are joining forces in fuels. Galp gives up control of the refinery but secures a position in a group with greater Iberian and European scale. The government has a say.
Government sees Galp–Moeve alliance as 'positive'. 'We've gained' two refineries, emphasises minister
The Minister for the Environment and Energy, Maria da Graça Carvalho, says it is 'important' that Galp grows in size, which could result from the alliance being discussed between the Portuguese company and the Spanish firm Moeve, formerly Cepsa. In this regard, she considers the deal 'positive' and dismisses concerns about national energy sovereignty.
Galp/Moeve merger could be positive, but Government will closely monitor it
The Minister for the Environment and Energy sees benefits in the operation that will combine the refineries of Galp and the Spanish firm Moeve because it creates a company of larger scale, but the Government will follow the deal very closely.
Government applauds creation of Iberian oil giant by Galp and Moeve: 'size matters' in energy
The Minister for the Environment and Energy says that, rather than losing the Sines refinery, Galp will 'gain control of two more, in Spain', even if it ends up with a minority stake.
Alliance between Galp and Moeve could create 'a true European champion', says António Vidigal
António Vidigal, former head of EDP Inovação and currently an energy consultant, highlighted on his social media several positive aspects he sees in the talks announced between Galp and Moeve (formerly Cepsa), which are considering joining forces across different business areas, from the network of service stations to ...
Galp prepares to change, but the process will be lengthy and will put Brussels' new approach to the test
Galp and Moeve have entered detailed talks to combine their refining operations and filling-station networks, a complex transaction that is likely to be lengthy and closely scrutinised. The Portuguese Communist Party has already criticised the proposed deal and the government will have a role in the approval process, raising political as well as regulatory stakes. The transaction will test Brussels’ evolving approach to competition and regulation in the energy sector, with implications for pricing, investment and market structure in Portugal.
Two GALP CEOs: "The brand will be maintained, it's a very strong asset"
GALP's two chief executives, Maria João Carioca and João Marques da Silva, explain negotiations with Moeve to combine operations on the Iberian Peninsula. The Portuguese government was informed.
"Enormous European strategic relevance": how Paula Amorim views Galp's negotiations with Moeve
Galp's negotiations with the Spanish company Moeve over a possible merger in the downstream business form part of a strategy to build partnerships with “highly credible operators”, in a complementarity that in this case represents the opportunity to “create large European groups on the Iberian Peninsula”, according to Paula Amorim, chair of the Portuguese oil company. Galp and Moeve's main shareholders ...
From industry to retail, discover the assets Galp and Moeve could combine
RetailCo and IndustrialCo. These are the new entities expected to result from the joining of forces between Portugal’s Galp and Spain’s Moeve, formerly Cepsa. Under the first “umbrella” will sit the mobility businesses of both oil companies and, under the second, they intend to bring together the industrial assets. Learn about the assets each company will...
Galp and Moeve discuss merger of service station and refinery networks
Galp and Moeve's shareholders — Mubadala Investment Company and The Carlyle Group — have reached a non‑binding agreement to proceed with detailed talks on the potential merger of their downstream portfolios and to create 'two leading energy companies on the Iberian Peninsula: RetailCo and IndustrialCo'. 'The combination ...
Government moves forward with "super agency" for energy. A year ago, the minister assured that the merger would not happen
The Council of Ministers is expected to approve on Friday the merger of the General Directorate of Energy and Geology (DGEG), the National Laboratory of Energy and Geology (LNEG), the Energy Agency (ADENE), EDM – Mining Development Company, and EDMI – Real Estate Projects Company. The Portuguese Environment Agency (APA) will be excluded from this merger.