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.
"Positive development". Analysts applaud Galp's talks with Moeve and shares rise 2%
Galp shares rose 2.03% to €14.865 each on Thursday, with analysts viewing positively the start of talks with the Spanish company Moeve (formerly Cepsa) on a possible merger of their downstream portfolios and the creation of two companies to operate on the Iberian Peninsula: one for the retail business and another for ...
Galp and Moeve in talks to combine retail and refining
Galp and Moeve, the former Cepsa, are holding non-binding talks to merge their refining operations and petrol station businesses. Galp is focusing on oil and gas exploration.
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 ...
