Latest news and stories about merger in Portugal for expats and residents.
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The Galp workers' committee (CCT) has publicly criticised the minister and warned that a proposed merger with Moeve would lead to a reduction in Galp's size and influence, raising concerns about potential job losses and a weakened company position.
With strategic assets at stake, the Government says it is monitoring negotiations between Galp and Moeve, which will bring together industrial assets and petrol stations across the Iberian Peninsula.
The Competition Authority (AdC) today published a 'decision of non-opposition' to the concentration operation resulting from MDS's acquisition of Seguramos, considering that it 'is not likely to create significant obstacles to competition' in the national market.
Portuguese oil company Galp and Moeve announced an agreement to discuss merging their networks of service stations and refineries — a partnership that could create a giant in the sector. Through these strategic deals, various companies have sought to strengthen their Iberian presence, some with more success than others. From the postal service to ...
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 ...
