"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 ...
Galp and Moeve prepare alliance to create an Iberian giant capable of refining 700,000 barrels of oil per day
The two groups announced an agreement to hold “detailed discussions” about a future alliance involving joint ventures for oil refining and fuel sales.
